Richard Hayne Sells 10,667 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $76.03, for a total value of $811,012.01. Following the completion of the sale, the chief executive officer owned 17,931,936 shares in the company, valued at approximately $1,363,365,094.08. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters Trading Up 1.3%

Shares of NASDAQ:URBN traded up $1.02 during trading on Tuesday, reaching $76.89. 1,399,345 shares of the stock were exchanged, compared to its average volume of 2,142,844. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $80.71. The firm has a market cap of $6.90 billion, a PE ratio of 14.51, a PEG ratio of 1.14 and a beta of 1.20. The stock has a 50-day moving average price of $68.18 and a 200-day moving average price of $71.03.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on URBN. Barclays boosted their target price on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Telsey Advisory Group boosted their price target on Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 27th. The Goldman Sachs Group began coverage on shares of Urban Outfitters in a research note on Tuesday. They issued a “neutral” rating and a $83.00 price target for the company. Finally, UBS Group upped their price target on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in Urban Outfitters during the 1st quarter valued at about $241,000. Bank of Montreal Can increased its holdings in Urban Outfitters by 134.9% during the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after purchasing an additional 11,894 shares during the period. Quantitative Investment Management LLC acquired a new stake in Urban Outfitters in the first quarter valued at approximately $1,253,000. FORA Capital LLC grew its stake in Urban Outfitters by 88.9% during the 1st quarter. FORA Capital LLC now owns 8,566 shares of the apparel retailer’s stock valued at $449,000 after purchasing an additional 4,032 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Urban Outfitters by 27.4% in the 1st quarter. Public Sector Pension Investment Board now owns 178,507 shares of the apparel retailer’s stock valued at $9,354,000 after purchasing an additional 38,337 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.