Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $265,825.00 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia Smith sold 3,500 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer directly owned 30,112 shares in the company, valued at $2,287,006.40. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Urban Outfitters Price Performance

Shares of URBN stock opened at $74.82 on Thursday. The business has a fifty day moving average of $76.55 and a 200 day moving average of $72.06. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $85.43. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 6.2 earnings per share for the current year.

Institutional Trading of Urban Outfitters

Institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its position in shares of Urban Outfitters by 25.9% during the 2nd quarter. QRG Capital Management Inc. now owns 13,796 shares of the apparel retailer’s stock valued at $978,000 after buying an additional 2,839 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Urban Outfitters by 211.4% in the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock worth $30,344,000 after acquiring an additional 290,698 shares in the last quarter. NewEdge Advisors LLC raised its position in Urban Outfitters by 87.0% during the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 247 shares during the period. Allworth Financial LP lifted its holdings in Urban Outfitters by 186.9% during the second quarter. Allworth Financial LP now owns 439 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 286 shares in the last quarter. Finally, Nykredit A S purchased a new position in Urban Outfitters during the second quarter valued at $118,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URBN has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Urban Outfitters in a report on Friday, August 28th. UBS Group raised their price objective on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $90.00 target price on shares of Urban Outfitters in a report on Thursday, August 27th. Weiss Ratings cut shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. Finally, Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.