Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells 10,667 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $76.57, for a total value of $816,772.19. Following the transaction, the chief executive officer directly owned 17,793,265 shares in the company, valued at $1,362,430,301.05. This represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Urban Outfitters Stock Down 0.8%

URBN traded down $0.62 during trading hours on Monday, hitting $76.43. The stock had a trading volume of 1,346,013 shares, compared to its average volume of 2,117,506. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94. The company’s fifty day simple moving average is $70.92 and its 200 day simple moving average is $71.86. The stock has a market cap of $6.85 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20.

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

Institutional Inflows and Outflows

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on URBN shares. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research note on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 22nd. Barclays lifted their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company boosted their target price on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

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.