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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $74.94, for a total value of $799,384.98. Following the sale, the chief executive officer directly owned 17,750,597 shares of the company’s stock, valued at approximately $1,330,229,739.18. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock traded up $1.38 on Monday, hitting $76.72. The company had a trading volume of 2,668,668 shares, compared to its average volume of 2,127,884. The stock has a 50-day moving average of $71.71 and a 200-day moving average of $72.08. The firm has a market capitalization of $6.88 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.13 and a beta of 1.23. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94.

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

Institutional Trading of Urban Outfitters

Institutional investors have recently modified their holdings of the stock. Jupiter Asset Management Ltd. raised its position in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after buying an additional 873,008 shares in the last quarter. Capital World Investors acquired a new stake in Urban Outfitters during the 3rd quarter worth approximately $60,795,000. Norges Bank bought a new stake in shares of Urban Outfitters in the second quarter worth $55,429,000. Balyasny Asset Management L.P. increased its stake in shares of Urban Outfitters by 5,360.2% in the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after buying an additional 540,877 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of analyst reports. Citigroup lifted their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Wells Fargo & Company lifted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Finally, UBS Group increased their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.50.

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.