Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $748,823.40 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $70.20, for a total value of $748,823.40. Following the sale, the chief executive officer owned 17,643,927 shares of the company’s stock, valued at approximately $1,238,603,675.40. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Urban Outfitters Trading Down 3.2%

Shares of Urban Outfitters stock opened at $69.55 on Friday. The business’s fifty day moving average price is $74.49 and its 200 day moving average price is $72.39. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The stock has a market capitalization of $6.24 billion, a P/E ratio of 13.12, a PEG ratio of 1.09 and a beta of 1.23.

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 return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion for the quarter. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on URBN shares. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research report on Wednesday, December 17th. Wells Fargo & Company raised their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Citigroup boosted their price objective on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $86.67.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Urban Outfitters by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after buying an additional 142,909 shares during the last quarter. American Century Companies Inc. raised its holdings in Urban Outfitters by 23.1% in the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after acquiring an additional 540,877 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Urban Outfitters by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock valued at $131,997,000 after acquiring an additional 50,837 shares during the last quarter. Geode Capital Management LLC grew its holdings in Urban Outfitters by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after acquiring an additional 12,965 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Urban Outfitters by 59.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after purchasing an additional 477,909 shares during the last quarter. 77.61% of the stock is currently 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.