Urban Outfitters (NASDAQ:URBN) Director Harry Cherken, Jr. Sells 5,000 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the sale, the director owned 494,315 shares of the company’s stock, valued at $43,035,063.90. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Urban Outfitters Price Performance

URBN traded down $0.83 during trading on Friday, hitting $86.57. 1,286,225 shares of the stock traded hands, compared to its average volume of 1,110,594. The firm has a market capitalization of $7.42 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $90.59. The firm has a 50-day moving average of $78.46 and a 200 day moving average of $74.01.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $1.58 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 6.20 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on URBN. Barclays boosted their price target on Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group lifted their price objective on Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.54.

Institutional Trading of Urban Outfitters

Several large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of Urban Outfitters by 574.2% during the third quarter. Assenagon Asset Management S.A. now owns 90,151 shares of the apparel retailer’s stock valued at $6,886,000 after purchasing an additional 76,780 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Urban Outfitters by 14.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 366,298 shares of the apparel retailer’s stock worth $27,978,000 after purchasing an additional 46,118 shares during the period. GAMMA Investing LLC raised its holdings in Urban Outfitters by 10.4% in the third quarter. GAMMA Investing LLC now owns 2,262 shares of the apparel retailer’s stock worth $173,000 after purchasing an additional 213 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Urban Outfitters by 39.6% in the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer’s stock worth $89,000 after purchasing an additional 331 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in Urban Outfitters by 15.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,410 shares of the apparel retailer’s stock worth $184,000 after purchasing an additional 320 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.