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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $82.53, for a total value of $880,347.51. Following the completion of the transaction, the chief executive officer owned 17,857,267 shares in the company, valued at $1,473,760,245.51. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Urban Outfitters Stock Down 0.9%

Urban Outfitters stock opened at $81.33 on Friday. The company has a fifty day simple moving average of $69.87 and a 200-day simple moving average of $71.56. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.24 and a beta of 1.20. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $83.94.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on URBN. Bank of America upped their target price on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. UBS Group upped their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in Urban Outfitters during the second quarter worth $26,000. Global Retirement Partners LLC lifted its stake in Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after buying an additional 301 shares during the period. Finally, Kilter Group LLC acquired a new stake in shares of Urban Outfitters in the second quarter valued at $36,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

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.