Urban Outfitters (NASDAQ:URBN) CEO Richard Hayne Sells 10,667 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $79.71, for a total transaction of $850,266.57. Following the completion of the sale, the chief executive officer owned 17,718,596 shares in the company, valued at approximately $1,412,349,287.16. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Urban Outfitters Trading Down 0.2%

Shares of URBN stock traded down $0.16 on Friday, hitting $81.56. The stock had a trading volume of 2,120,075 shares, compared to its average volume of 1,984,941. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company has a fifty day moving average price of $72.74 and a two-hundred day moving average price of $72.34. The firm has a market cap of $7.31 billion, a P/E ratio of 15.39, a PEG ratio of 1.20 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The business had revenue of $1.53 billion for the quarter. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research reports. Morgan Stanley increased their target price on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Telsey Advisory Group raised shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $98.00 in a research note on Wednesday, December 17th. Finally, Barclays increased their target price on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of URBN. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Urban Outfitters in the first quarter valued at about $1,978,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after purchasing an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Urban Outfitters by 110.6% during the 1st quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer’s stock worth $3,448,000 after purchasing an additional 34,555 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Urban Outfitters by 354.6% in the 1st quarter. Acadian Asset Management LLC now owns 206,454 shares of the apparel retailer’s stock valued at $10,813,000 after buying an additional 161,039 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.