Insider Selling: Urban Outfitters (NASDAQ:URBN) Director Sells $460,600.00 in 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 29th. The stock was sold at an average price of $92.12, for a total transaction of $460,600.00. Following the transaction, the director owned 489,315 shares in the company, valued at approximately $45,075,697.80. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $91.78 on Thursday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.36 and a beta of 1.22. The company has a 50-day moving average price of $81.69 and a 200-day moving average price of $73.39. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $93.64.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Bank of America Corp DE purchased a new stake in shares of Urban Outfitters during the second quarter valued at approximately $33,414,000. Y Intercept Hong Kong Ltd lifted its holdings in Urban Outfitters by 110.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 100,480 shares of the apparel retailer’s stock worth $6,365,000 after acquiring an additional 52,645 shares during the period. Engineers Gate Manager LP lifted its holdings in Urban Outfitters by 211.4% during the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock worth $30,344,000 after acquiring an additional 290,698 shares during the period. Legal & General Group Plc purchased a new position in Urban Outfitters in the second quarter worth $9,288,000. Finally, Quantbot Technologies LP purchased a new position in Urban Outfitters in the second quarter worth $620,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on URBN shares. Wolfe Research initiated coverage on Urban Outfitters in a report on Wednesday, October 21st. They set a “peer perform” rating for the company. Citigroup restated a “neutral” rating on shares of Urban Outfitters in a report on Friday, August 28th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Wells Fargo & Company lifted their target price on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Finally, BMO Capital Markets began coverage on Urban Outfitters in a report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and eight 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 a consensus target price of $90.54.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.