Key Points
- Urban Outfitters CFO Melanie Marein-Efron sold 5,700 shares at an average price of $80.75, totaling $460,275. The sale reduced her direct holdings by 33.48% to 11,323 shares.
- Urban Outfitters recently reported quarterly revenue of $1.66 billion, up 10.4% year over year, while earnings of $1.72 per share matched analyst expectations.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $89.75 versus the stock’s reported price of $79.43.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CFO Melanie Marein-Efron sold 5,700 shares of Urban Outfitters stock in a transaction on Friday, September 4th. The shares were sold at an average price of $80.75, for a total value of $460,275.00. Following the sale, the chief financial officer directly owned 11,323 shares of the company's stock, valued at approximately $914,332.25. The trade was a 33.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Urban Outfitters Price Performance
Shares of NASDAQ URBN opened at $79.43 on Wednesday. The business's 50-day moving average price is $75.19 and its two-hundred day moving average price is $71.33. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $85.43. The company has a market capitalization of $6.80 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting analysts' consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business earned $1.58 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 6.16 EPS for the current year.
Analysts Set New Price Targets
URBN has been the topic of a number of research reports. Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. UBS Group boosted their target price on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Morgan Stanley restated an "overweight" rating and set a $90.00 price target on shares of Urban Outfitters in a research note on Thursday, August 27th. BMO Capital Markets set a $80.00 price target on shares of Urban Outfitters in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, August 18th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.75.
Get Our Latest Stock Report on URBN
Institutional Investors Weigh In On Urban Outfitters
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer's stock valued at $1,977,000 after purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Urban Outfitters by 10.5% in the first 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 buying an additional 13,554 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 buying an additional 1,886 shares during the period. EverSource Wealth Advisors LLC grew its stake in Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock valued at $36,000 after buying an additional 274 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer's stock worth $13,242,000 after acquiring an additional 22,393 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.
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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