Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia D. Smith Sells 10,000 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Urban Outfitters Stock Down 2.3 %

Shares of NASDAQ URBN traded down $1.26 during trading on Wednesday, reaching $52.97. 1,585,528 shares of the company traded hands, compared to its average volume of 1,728,511. The firm has a 50 day simple moving average of $55.99 and a 200-day simple moving average of $46.39. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The stock has a market capitalization of $4.89 billion, a PE ratio of 15.18, a P/E/G ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on URBN shares. UBS Group boosted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Telsey Advisory Group increased their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, Bank of America upped their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Urban Outfitters in the 3rd quarter valued at $47,000. Quarry LP increased its holdings in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.