Key Points
- Insider selling: Director Margaret Hayne sold 9,333 URBN shares on Dec. 3 at an average $78.95 for $736,840, part of four recent identical sales (37,332 shares total), trimming her stake by 0.39% to 2,384,057 shares still valued at roughly $188.2M.
- Company results & analyst view: Urban Outfitters topped the quarter with $1.28 EPS (vs. $1.19 est.) and $1.53B revenue (up 12.3% YoY), and analysts have nudged price targets higher to a consensus of $85.36 with an overall "Moderate Buy" rating.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the business's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $78.95, for a total transaction of $736,840.35. Following the sale, the insider directly owned 2,384,057 shares in the company, valued at approximately $188,221,300.15. The trade was a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Margaret Hayne also recently made the following trade(s):
- On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $73.97, for a total value of $690,362.01.
- On Friday, November 28th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 stock was sold at an average price of $75.32, for a total value of $702,961.56.
Urban Outfitters Trading Down 0.0%
Urban Outfitters stock opened at $75.69 on Friday. The stock has a 50-day moving average price of $68.11 and a two-hundred day moving average price of $70.86. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $80.71. The company has a market capitalization of $6.79 billion, a PE ratio of 14.28, a P/E/G ratio of 1.14 and a beta of 1.20.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
URBN has been the subject of a number of analyst reports. Citigroup raised their price objective on Urban Outfitters from $76.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. Barclays raised their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, November 26th. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen lowered shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Moderate Buy" and a consensus price target of $85.36.
Check Out Our Latest Stock Report on URBN
Hedge Funds Weigh In On Urban Outfitters
A number of institutional investors and hedge funds have recently made changes to their positions in URBN. IFP Advisors Inc bought a new position in shares of Urban Outfitters in the 3rd quarter worth $430,000. Cambria Investment Management L.P. raised its holdings in 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 buying an additional 2,088 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Urban Outfitters in the third quarter valued at $466,000. Danske Bank A S acquired a new position in shares of Urban Outfitters during the third quarter valued at about $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Urban Outfitters by 11.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer's stock worth $6,036,000 after acquiring an additional 9,000 shares in the last quarter. Institutional investors own 77.61% of the company's stock.
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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