Urban Outfitters (NASDAQ:URBN) CEO Sells $828,612.56 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $77.68, for a total transaction of $828,612.56. Following the completion of the transaction, the chief executive officer directly owned 17,803,932 shares in the company, valued at approximately $1,383,009,437.76. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Urban Outfitters Price Performance

Urban Outfitters stock traded down $0.62 during midday trading on Monday, reaching $76.43. The stock had a trading volume of 1,346,013 shares, compared to its average volume of 2,117,506. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.16 and a beta of 1.20. The firm’s fifty day simple moving average is $70.92 and its two-hundred day simple moving average is $71.86.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion during the quarter. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Institutional Trading of Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in URBN. IFP Advisors Inc bought a new position in Urban Outfitters during the third quarter worth about $430,000. Cambria Investment Management L.P. raised its holdings in shares of Urban Outfitters by 15.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock worth $1,121,000 after buying an additional 2,088 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $466,000. Danske Bank A S acquired a new stake in Urban Outfitters in the 3rd quarter valued at $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Urban Outfitters by 11.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer’s stock valued at $6,036,000 after acquiring an additional 9,000 shares during the period. Institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on URBN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 22nd. Citigroup increased their price objective on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. UBS Group upped their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, Barclays increased their price objective on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.