Urban Outfitters (NASDAQ:URBN) CFO Melanie Marein-Efron Sells 5,700 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,700 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer owned 11,323 shares in the company, valued at approximately $914,332.25. This trade represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Urban Outfitters Trading Down 1.9%

NASDAQ:URBN opened at $79.43 on Wednesday. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $85.43. The company has a 50-day moving average of $75.19 and a 200-day moving average of $71.33. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. On average, research analysts forecast that Urban Outfitters, Inc. will post 6.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on URBN shares. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 24th. The Goldman Sachs Group upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Barclays upped their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at about $615,160,000. California State Teachers Retirement System boosted its holdings in shares of Urban Outfitters by 6,498.9% during the second quarter. California State Teachers Retirement System now owns 4,540,851 shares of the apparel retailer’s stock worth $321,765,000 after purchasing an additional 4,472,039 shares during the period. Dimensional Fund Advisors LP grew its position in Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after purchasing an additional 338,622 shares in the last quarter. Abrams Bison Investments LLC purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $127,114,000. Finally, Geode Capital Management LLC increased its stake in Urban Outfitters by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock valued at $113,434,000 after buying an additional 35,244 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.