Urban Outfitters (NASDAQ:URBN) Insider Sells $639,080.94 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Azeez Hayne sold 8,733 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Urban Outfitters Stock Down 0.4%

URBN opened at $74.85 on Friday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The company’s 50-day moving average price is $68.65 and its 200 day moving average price is $70.41.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. Research analysts anticipate that Urban Outfitters, Inc. will post 5.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 338,622 shares during the period. American Century Companies Inc. increased its stake in shares of Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after acquiring an additional 540,877 shares during the period. Fisher Asset Management LLC increased its stake in shares of Urban Outfitters by 2.8% during the third quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock valued at $131,997,000 after acquiring an additional 50,837 shares during the period. Abrams Bison Investments LLC acquired a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $127,114,000. Finally, Geode Capital Management LLC increased its stake in shares of Urban Outfitters by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock valued at $113,434,000 after acquiring an additional 35,244 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Bank of America raised their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Barclays reduced their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Urban Outfitters has an average rating of “Moderate Buy” and a consensus price target of $87.18.

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.