Urban Outfitters (NASDAQ:URBN) CEO Sells $265,825.00 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia Smith sold 3,500 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the transaction, the chief executive officer directly owned 30,112 shares of the company’s stock, valued at $2,287,006.40. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Urban Outfitters Stock Performance

URBN traded down $0.80 during trading on Monday, reaching $74.21. The company’s stock had a trading volume of 733,844 shares, compared to its average volume of 1,396,618. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $85.43. The company’s fifty day moving average price is $76.33 and its 200-day moving average price is $71.88. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last issued its 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. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 EPS. Equities analysts predict that Urban Outfitters, Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on URBN. BMO Capital Markets began coverage on Urban Outfitters in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 target price for the company. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. UBS Group increased their price target on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Citigroup reissued a “neutral” rating on shares of Urban Outfitters in a report on Friday, August 28th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Institutional Trading of Urban Outfitters

Several large investors have recently bought and sold shares of URBN. BlackRock Inc. purchased a new stake in shares of Urban Outfitters in the 2nd quarter worth about $615,160,000. Dimensional Fund Advisors LP raised its position in Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock worth $273,274,000 after acquiring an additional 338,622 shares during the last quarter. Geode Capital Management LLC raised its position in Urban Outfitters by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after acquiring an additional 35,244 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Urban Outfitters by 33.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after purchasing an additional 327,453 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Urban Outfitters by 23.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock valued at $62,155,000 after purchasing an additional 189,454 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.