Harry S. Cherken, Jr. Sells 15,000 Shares of Urban Outfitters, Inc. (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Stock Performance

Urban Outfitters stock traded down $1.54 during midday trading on Wednesday, reaching $58.90. 2,124,908 shares of the company’s stock were exchanged, compared to its average volume of 2,232,608. The stock’s 50-day simple moving average is $50.86 and its 200 day simple moving average is $43.28. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.14 and a beta of 1.55. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.88 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Urban Outfitters, Inc. will post 3.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on URBN shares. Barclays increased their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group boosted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average price target of $53.64.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently modified their holdings of URBN. Hsbc Holdings PLC lifted its position in Urban Outfitters by 60.7% during the second quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer’s stock worth $971,000 after acquiring an additional 8,904 shares during the last quarter. XTX Topco Ltd acquired a new stake in Urban Outfitters during the 2nd quarter worth approximately $224,000. ProShare Advisors LLC lifted its holdings in Urban Outfitters by 52.4% during the 2nd quarter. ProShare Advisors LLC now owns 19,374 shares of the apparel retailer’s stock worth $795,000 after purchasing an additional 6,662 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Urban Outfitters by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 124,801 shares of the apparel retailer’s stock valued at $5,123,000 after purchasing an additional 8,783 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in Urban Outfitters by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after buying an additional 258 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.