Urban Outfitters, Inc. (NASDAQ:URBN) CEO Margaret Hayne sold 41,100 shares of the business’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $36.65, for a total transaction of $1,506,315.00. Following the completion of the transaction, the chief executive officer now directly owns 1,066,184 shares of the company’s stock, valued at approximately $39,075,643.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Urban Outfitters, Inc. (NASDAQ URBN) opened at $36.22 on Monday. Urban Outfitters, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $38.28. The stock has a market capitalization of $3,920.78, a PE ratio of 37.73, a PEG ratio of 1.34 and a beta of 0.56.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts expect that Urban Outfitters, Inc. will post 2.25 earnings per share for the current year.
Several research analysts recently weighed in on URBN shares. Robert W. Baird set a $39.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Friday, December 22nd. Jefferies Group reissued a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a research note on Monday, December 18th. KeyCorp reissued a “buy” rating on shares of Urban Outfitters in a research note on Friday, December 15th. SunTrust Banks set a $35.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, BidaskClub downgraded shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.04.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3301220/insider-selling-urban-outfitters-inc-urbn-ceo-sells-41100-shares-of-stock.html.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.