Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) Insider Sells 11,676 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Urban Outfitters Stock Down 2.3 %

Shares of Urban Outfitters stock traded down $1.26 during midday trading on Wednesday, hitting $52.97. The company had a trading volume of 1,585,528 shares, compared to its average volume of 1,728,511. The company has a fifty day simple moving average of $55.99 and a 200 day simple moving average of $46.39. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on URBN. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. Robert W. Baird lifted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.00.

Institutional Trading of Urban Outfitters

Several large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC increased its holdings in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the period. Asset Management One Co. Ltd. purchased a new position in Urban Outfitters during the 3rd quarter worth approximately $47,000. Quarry LP raised its position in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares during the last quarter. Finally, KBC Group NV lifted its stake in Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock valued at $80,000 after acquiring an additional 594 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.