Insider Selling: Urban Outfitters, Inc. (URBN) CEO Sells 41,100 Shares of Stock

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.

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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 large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Urban Outfitters by 32.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after purchasing an additional 1,053,712 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Urban Outfitters by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after purchasing an additional 308,063 shares during the period. Senvest Management LLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth about $36,629,000. Two Sigma Investments LP grew its holdings in shares of Urban Outfitters by 338.9% during the 4th quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock worth $47,586,000 after purchasing an additional 1,048,052 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Urban Outfitters by 5.8% during the 4th quarter. Deutsche Bank AG now owns 1,277,048 shares of the apparel retailer’s stock worth $44,772,000 after purchasing an additional 69,616 shares during the period. Institutional investors and hedge funds own 76.74% of the company’s stock.

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.

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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.

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