Key Points
- Urban Outfitters CFO Melanie Marein-Efron sold 5,036 shares on May 22 at an average price of $73.42, totaling about $369,743. After the sale, she held 17,023 shares, a 22.83% reduction in her ownership.
- The company recently posted stronger-than-expected quarterly results, reporting EPS of $1.30 versus the $1.12 consensus and revenue of $1.48 billion versus estimates of $1.46 billion. Revenue rose 11.4% year over year.
- URBN shares were trading up 3.3% and analyst sentiment remains mixed but constructive, with a consensus rating of “Moderate Buy” and an average price target of $87.18.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CFO Melanie Marein-Efron sold 5,036 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the sale, the chief financial officer owned 17,023 shares in the company, valued at $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Urban Outfitters Trading Up 3.3%
NASDAQ:URBN opened at $75.42 on Wednesday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.23. The company's 50-day moving average is $68.25 and its two-hundred day moving average is $70.24. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $84.35.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 5.97 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have issued reports on URBN shares. Jefferies Financial Group restated a "hold" rating and issued a $72.00 target price on shares of Urban Outfitters in a report on Thursday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 21st. Bank of America increased their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of "Moderate Buy" and an average target price of $87.18.
Get Our Latest Analysis on URBN
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Urban Outfitters by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer's stock worth $1,977,000 after acquiring an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer's stock worth $7,476,000 after acquiring an additional 13,554 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Urban Outfitters by 343.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer's stock worth $177,000 after purchasing an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 274 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Urban Outfitters by 14.0% during the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer's stock worth $13,242,000 after purchasing an additional 22,393 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.
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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