Key Points
- Margaret Hayne sold 9,333 Urban Outfitters shares on Nov. 28 at an average price of $74.94 for a $699,415.02 transaction, trimming her position by 0.39% while still owning 2,412,056 shares (≈$180.76M).
- Urban Outfitters beat expectations for the quarter with EPS $1.28 vs. $1.19 est. and revenue of $1.53 billion (up 12.3% year-over-year vs. $1.48B est.).
- Analyst sentiment is positive-to-neutral with a consensus rating of "Moderate Buy" and a $85.36 target, while several firms have raised price targets (e.g., BofA to $93, JPMorgan to $96).
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the business's stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $74.94, for a total transaction of $699,415.02. Following the transaction, the insider owned 2,412,056 shares of the company's stock, valued at approximately $180,759,476.64. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Margaret Hayne also recently made the following trade(s):
- On Wednesday, November 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $75.32, for a total transaction of $702,961.56.
Urban Outfitters Trading Up 5.7%
NASDAQ URBN opened at $78.31 on Tuesday. The firm's fifty day simple moving average is $67.68 and its two-hundred day simple moving average is $70.56. The firm has a market capitalization of $7.02 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $80.71.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
URBN has been the subject of several recent analyst reports. Bank of America raised their price target on Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 26th. Citigroup upped their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.36.
Read Our Latest Report on Urban Outfitters
Institutional Trading of Urban Outfitters
Several large investors have recently made changes to their positions in the business. Cambria Investment Management L.P. raised its holdings in shares of Urban Outfitters by 15.3% during the third quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer's stock worth $1,121,000 after purchasing an additional 2,088 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Urban Outfitters during the 3rd quarter worth about $466,000. Danske Bank A S purchased a new position in shares of Urban Outfitters during the 3rd quarter valued at about $4,032,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Urban Outfitters by 11.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer's stock valued at $6,036,000 after buying an additional 9,000 shares during the period. Finally, Oberweis Asset Management Inc. boosted its stake in shares of Urban Outfitters by 10.5% in the third quarter. Oberweis Asset Management Inc. now owns 234,300 shares of the apparel retailer's stock worth $16,736,000 after buying an additional 22,200 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.
About Urban Outfitters
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
