Urban Outfitters (NASDAQ:URBN) CEO Sells $175,039.70 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 2,497 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $70.10, for a total value of $175,039.70. Following the completion of the sale, the chief executive officer owned 17,460,052 shares of the company’s stock, valued at approximately $1,223,949,645.20. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Stock Up 0.9%

URBN stock opened at $65.46 on Thursday. 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 $5.87 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.24. The firm’s fifty day simple moving average is $72.88 and its two-hundred day simple moving average is $71.59.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its position in Urban Outfitters by 11.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 140 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of Urban Outfitters by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock valued at $593,000 after acquiring an additional 148 shares during the period. Salomon & Ludwin LLC raised 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of Urban Outfitters by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after purchasing an additional 154 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Urban Outfitters by 1.6% during the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 164 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $93.00 price target on Urban Outfitters in a report on Wednesday, December 17th. Barclays increased their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Telsey Advisory Group reissued an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Guggenheim assumed coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.67.

Key Urban Outfitters News

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: Q4 earnings beat — URBN reported $1.43 EPS vs. $1.24 consensus and showed an 8.15% net margin and 18.33% ROE, which supports near-term profitability improvements. Read More.
• Positive Sentiment: Namesake-store turnaround — The core Urban Outfitters banner, previously a drag, is now driving sales gains, helping lift comparable-store performance. Read More.
• Positive Sentiment: Nuuly rental business outperformed targets — The WSJ reports the Nuuly clothing-rental service beat its sales target and added subscribers, indicating a growing, higher-margin revenue stream. Read More.
• Neutral Sentiment: Analyst reaction mixed entering earnings — Some analysts lowered pre-quarter forecasts and models diverged, so near-term guidance and analyst revisions will matter for momentum. Read More.
• Neutral Sentiment: Valuation debate — Recent pullback has improved valuation metrics for some longer-term investors, but this is a gradual thesis rather than an immediate catalyst. Read More.
• Neutral Sentiment: Elevated trading volume — Volume is above average today, signaling heightened investor interest and opinion dispersion (can amplify moves in either direction).
• Negative Sentiment: Heavy insider selling — Multiple recent sales by executives (including Margaret Hayne and filings tied to senior insiders) have been significant in aggregate and are pressuring sentiment despite insiders’ large remaining stakes. Read More.

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.