Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells 10,667 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $73.97, for a total value of $789,037.99. Following the sale, the chief executive officer owned 17,985,271 shares of the company’s stock, valued at $1,330,370,495.87. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Urban Outfitters Stock Up 1.1%

Shares of NASDAQ URBN traded up $0.83 during midday trading on Wednesday, hitting $79.19. The stock had a trading volume of 2,192,300 shares, compared to its average volume of 2,148,208. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $80.71. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.18 and a beta of 1.20. The company has a fifty day moving average price of $67.80 and a 200 day moving average price of $70.67.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. Urban Outfitters’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. On average, research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of research reports. UBS Group upped their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday. Wall Street Zen downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 27th. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in Urban Outfitters during the 3rd quarter worth approximately $430,000. Cambria Investment Management L.P. boosted its stake in shares of Urban Outfitters by 15.3% during the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock valued at $1,121,000 after buying an additional 2,088 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Urban Outfitters during the third quarter worth approximately $466,000. Danske Bank A S bought a new stake in shares of Urban Outfitters in the third quarter worth $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Urban Outfitters by 11.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer’s stock worth $6,036,000 after buying an additional 9,000 shares during the last quarter. 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.