Key Points
- CEO Richard Hayne sold 10,667 shares on December 17 at an average price of $82.53 for about $880,347, and still directly owns 17,857,267 shares (a ~0.06% reduction), valued at roughly $1.47 billion.
- Urban Outfitters reported quarterly EPS of $1.28 on revenue of $1.53 billion, with a return on equity of 18.33% and net margin of 8.15%, and analysts expect ~3.91 EPS for the fiscal year.
- Analyst sentiment is generally positive with a consensus "Moderate Buy" and an average price target of $86.50, while Telsey and Barclays have recently raised targets to $98.00.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the firm's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $82.53, for a total transaction of $770,252.49. Following the completion of the sale, the insider owned 2,290,727 shares of the company's stock, valued at $189,053,699.31. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Margaret Hayne also recently made the following trade(s):
- On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $83.18, for a total value of $776,318.94.
- On Friday, December 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $82.66, for a total value of $771,465.78.
- On Wednesday, December 10th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $78.36, for a total value of $731,333.88.
- On Monday, December 8th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.03, for a total value of $709,587.99.
- On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.61, for a total transaction of $715,001.13.
- On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were 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 Stock Down 0.9%
Shares of URBN opened at $81.33 on Friday. The stock has a market cap of $7.29 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.24 and a beta of 1.20. The business's 50 day moving average price is $69.87 and its 200-day moving average price is $71.56. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $83.94.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The business had revenue of $1.53 billion for the quarter. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have commented on URBN shares. Barclays lifted their target price on Urban Outfitters from $89.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, November 26th. Bank of America boosted their target price on Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 26th. UBS Group increased their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, November 26th. Finally, Telsey Advisory Group upgraded shares of Urban Outfitters from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $85.00 to $98.00 in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $86.50.
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 the business. Jupiter Asset Management Ltd. increased its holdings in Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer's stock valued at $69,287,000 after buying an additional 873,008 shares during the last quarter. Capital World Investors bought a new position in Urban Outfitters in the 3rd quarter worth $60,795,000. Norges Bank bought a new stake in Urban Outfitters during the second quarter valued at about $55,429,000. Balyasny Asset Management L.P. lifted its position in shares of Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer's stock valued at $44,155,000 after buying an additional 606,831 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Urban Outfitters by 23.1% during the 3rd 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 during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.
Urban Outfitters Company Profile
(
Get Free Report)
Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.
The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.
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