Key Points
- Insider sale: Director Margaret Hayne sold 9,333 shares on Dec. 1 at an average $73.97 for $690,362 (after similar sales on Nov. 26 and Nov. 28), now holding 2,402,723 shares—a 0.39% reduction in her stake.
- Quarterly beat: Urban Outfitters reported Q results with EPS $1.28 vs. $1.19 expected and revenue $1.53B vs. $1.48B, a 12.3% year-over-year revenue increase.
- Analyst sentiment: The stock has a consensus "Moderate Buy" rating and an average price target of $85.36, with several firms raising targets (e.g., Morgan Stanley to $91 and JPMorgan to $96).
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $73.97, for a total value of $690,362.01. Following the completion of the sale, the insider directly owned 2,402,723 shares in the company, valued at $177,729,420.31. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Margaret Hayne also recently made the following trade(s):
- On Friday, November 28th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $74.94, for a total value of $699,415.02.
- 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 value of $702,961.56.
Urban Outfitters Price Performance
NASDAQ:URBN opened at $79.19 on Thursday. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.18 and a beta of 1.20. The business has a 50 day simple moving average of $67.96 and a 200-day simple moving average of $70.73. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $80.71.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.Urban Outfitters's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Urban Outfitters
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of Urban Outfitters during the third quarter valued at $430,000. Cambria Investment Management L.P. grew its holdings in Urban Outfitters by 15.3% during the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer's stock worth $1,121,000 after acquiring an additional 2,088 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Urban Outfitters during the 3rd quarter valued at about $466,000. Danske Bank A S purchased a new position in Urban Outfitters during the 3rd quarter valued at about $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised 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 purchasing an additional 9,000 shares in the last quarter. Institutional investors own 77.61% of the company's stock.
Analyst Upgrades and Downgrades
URBN has been the topic of several recent analyst reports. UBS Group increased their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "neutral" 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 report on Wednesday, November 26th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 26th. Zacks Research lowered Urban Outfitters from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. upped their target price on Urban Outfitters from $89.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.36.
View Our Latest Stock Analysis on URBN
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.
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