Richard Hayne Sells 3,304 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 3,304 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $70.05, for a total transaction of $231,445.20. Following the transaction, the chief executive officer owned 17,606,548 shares in the company, valued at approximately $1,233,338,687.40. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $0.36 during midday trading on Thursday, hitting $69.97. 926,084 shares of the stock were exchanged, compared to its average volume of 1,850,964. The company has a market capitalization of $6.27 billion, a PE ratio of 13.20, a P/E/G ratio of 1.06 and a beta of 1.23. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35. The business’s fifty day simple moving average is $75.14 and its two-hundred day simple moving average is $72.32.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion for the quarter. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

URBN has been the subject of a number of analyst reports. Guggenheim started coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a research note on Tuesday, January 13th. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $86.67.

Institutional Trading of Urban Outfitters

Several institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in shares of Urban Outfitters in the third quarter valued at approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Urban Outfitters during the second quarter worth approximately $26,000. Salomon & Ludwin LLC lifted its holdings in Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares during the period. Global Retirement Partners LLC boosted its stake in Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 200 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.