Key Points
- CEO Richard Hayne sold 10,667 shares on December 8 at an average price of $76.03, generating about $811,012 and trimming his stake by 0.06% to roughly 17.93 million shares (value ≈ $1.36B), per an SEC filing.
- Urban Outfitters recently beat quarterly estimates with $1.28 EPS (vs. $1.19 expected) and $1.53B in revenue (up 12.3% YoY); the stock trades near $76 with a $6.9B market cap and a consensus analyst rating of 'Hold' (average target $85.17).
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $76.03, for a total value of $709,587.99. Following the completion of the transaction, the insider directly owned 2,356,058 shares in the company, valued at approximately $179,131,089.74. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Margaret Hayne also recently made the following trade(s):
- On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.61, for a total value of $715,001.13.
- On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $78.95, for a total transaction of $736,840.35.
- On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $73.97, for a total transaction 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 transaction 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 transaction of $702,961.56.
Urban Outfitters Trading Up 1.3%
Shares of URBN stock opened at $76.89 on Wednesday. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $80.71. The stock has a market cap of $6.90 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.15 and a beta of 1.20. The company has a 50 day simple moving average of $68.29 and a two-hundred day simple moving average of $71.06.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.09. The firm had revenue of $1.53 billion during 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 company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on URBN shares. Barclays upped their price target on Urban Outfitters from $89.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 26th. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Wednesday, November 26th. Citigroup raised their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 26th. Bank of America upped their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Thursday, November 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of "Hold" and a consensus price target of $85.17.
Get Our Latest Research Report on Urban Outfitters
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Urban Outfitters by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer's stock valued at $262,578,000 after buying an additional 142,909 shares during the last quarter. American Century Companies Inc. grew its stake in Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer's stock valued at $205,654,000 after acquiring an additional 540,877 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer's stock valued at $131,997,000 after acquiring an additional 50,837 shares during the last quarter. Junto Capital Management LP lifted its stake in Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock worth $90,571,000 after purchasing an additional 244,801 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Urban Outfitters by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer's stock valued at $110,646,000 after purchasing an additional 12,965 shares in the last quarter. 77.61% of the stock is currently owned by 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.
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