Urban Outfitters (NASDAQ:URBN) CEO Richard Hayne Sells 2,074 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 2,074 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $70.00, for a total value of $145,180.00. Following the transaction, the chief executive officer directly owned 17,609,852 shares in the company, valued at approximately $1,232,689,640. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Urban Outfitters Trading Up 0.5%

NASDAQ:URBN traded up $0.36 during mid-day trading on Thursday, hitting $69.97. 926,084 shares of the company’s stock traded hands, compared to its average volume of 1,850,964. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35. The firm has a 50 day moving average of $75.14 and a two-hundred day moving average of $72.32. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on URBN shares. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. The Goldman Sachs Group started coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Morgan Stanley boosted their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Robert W. Baird set a $93.00 price target on Urban Outfitters in a research note on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in URBN. UBS Group AG increased its stake in shares of Urban Outfitters by 339.3% in the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock valued at $48,276,000 after purchasing an additional 495,441 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Urban Outfitters by 144.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 11,431 shares of the apparel retailer’s stock valued at $860,000 after buying an additional 6,761 shares in the last quarter. Virtus Wealth Solutions LLC bought a new position in Urban Outfitters in the fourth quarter valued at about $1,310,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Urban Outfitters by 5.8% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,987 shares of the apparel retailer’s stock worth $4,514,000 after acquiring an additional 3,286 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares in the last quarter. 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.