Melanie Marein-Efron Sells 5,036 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the sale, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Urban Outfitters Stock Performance

URBN opened at $75.15 on Thursday. The business has a 50 day moving average price of $68.47 and a 200 day moving average price of $70.33. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $84.35. The firm has a market cap of $6.43 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, analysts anticipate that Urban Outfitters, Inc. will post 5.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Urban Outfitters during the third quarter worth about $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in Urban Outfitters during the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. grew its position in Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after buying an additional 326 shares in the last quarter. Salomon & Ludwin LLC grew its position in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its position in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after buying an additional 205 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a research report on Thursday, February 26th. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $72.00 price target on shares of Urban Outfitters in a research report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and an average target price of $87.18.

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.