Insider Selling: Urban Outfitters (NASDAQ:URBN) CFO Sells $369,743.12 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. The trade was a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Price Performance

URBN opened at $74.85 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.43 and a beta of 1.23. The company’s 50 day moving average price is $68.65 and its two-hundred day moving average price is $70.41.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 5.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. Bank of America upped their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Urban Outfitters has an average rating of “Moderate Buy” and a consensus price target of $87.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. lifted its stake in shares of Urban Outfitters by 31.3% in the 1st quarter. Edgestream Partners L.P. now owns 56,134 shares of the apparel retailer’s stock valued at $3,556,000 after purchasing an additional 13,383 shares during the period. Kentucky Retirement Systems bought a new position in Urban Outfitters during the first quarter worth $570,000. South Dakota Investment Council bought a new position in Urban Outfitters during the first quarter worth $298,000. Amundi bought a new position in Urban Outfitters during the first quarter worth $212,000. Finally, California State Teachers Retirement System boosted its stake in Urban Outfitters by 24.1% during the first quarter. California State Teachers Retirement System now owns 68,812 shares of the apparel retailer’s stock worth $4,359,000 after acquiring an additional 13,359 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

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.