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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total transaction of $758,743.71. Following the sale, the chief executive officer owned 17,511,209 shares of the company’s stock, valued at approximately $1,245,572,296.17. The trade was a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $70.18 on Friday. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $84.35. The firm has a market capitalization of $6.29 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.95 and a beta of 1.24. The business has a 50 day simple moving average of $74.78 and a 200 day simple moving average of $72.13.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share 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. Research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

URBN has been the subject of several recent analyst reports. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Guggenheim began coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research note on Tuesday, January 13th. Robert W. Baird set a $93.00 target price on Urban Outfitters in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company lifted their price target 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. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.67.

Institutional Investors Weigh In On Urban Outfitters

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