Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $759,170.39 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total transaction of $759,170.39. Following the transaction, the chief executive officer owned 17,611,926 shares in the company, valued at $1,253,440,773.42. This represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Urban Outfitters Trading Down 0.5%

Shares of NASDAQ:URBN opened at $69.61 on Thursday. The stock has a market capitalization of $6.24 billion, a PE ratio of 13.13, a P/E/G ratio of 1.06 and a beta of 1.23. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The firm has a fifty day moving average price of $75.14 and a 200 day moving average price of $72.32.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results 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 firm had revenue of $1.53 billion for the quarter. On average, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Guggenheim initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.67.

Institutional Trading of Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the third quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in Urban Outfitters in the 2nd quarter valued at approximately $26,000. Salomon & Ludwin LLC lifted its position in shares of Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Urban Outfitters by 158.4% during the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. 77.61% of the stock is currently 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.