Azeez Hayne Sells 11,676 Shares of Urban Outfitters, Inc. (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Urban Outfitters Trading Down 2.3 %

Urban Outfitters stock opened at $52.97 on Thursday. The firm’s fifty day moving average price is $55.95 and its two-hundred day moving average price is $46.44. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.63 billion. On average, research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Telsey Advisory Group lifted their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and an average price target of $56.00.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters in the 3rd quarter worth about $47,000. Versor Investments LP lifted its stake in Urban Outfitters by 13.4% during the 3rd quarter. Versor Investments LP now owns 8,502 shares of the apparel retailer’s stock valued at $326,000 after acquiring an additional 1,002 shares during the period. Aigen Investment Management LP bought a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $2,143,000. Victory Capital Management Inc. lifted its stake in shares of Urban Outfitters by 142.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,091 shares of the apparel retailer’s stock worth $1,383,000 after purchasing an additional 21,213 shares during the period. Finally, KBC Group NV increased its holdings in Urban Outfitters by 39.8% in 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 institutional investors.

About Urban Outfitters

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.