Key Points
- CEO Tricia Smith sold 3,500 Urban Outfitters shares at an average price of $75.95, generating $265,825. The transaction reduced her stake by 10.41%, leaving her with 30,112 shares.
- Urban Outfitters reported quarterly EPS of $1.72, matching estimates, while revenue rose 10.4% year over year to $1.66 billion. The stock opened at $74.21, down 1.1%.
- Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a $89.75 price target; 77.61% of the stock is held by institutional investors and hedge funds.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CEO Tricia Smith sold 3,500 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer owned 30,112 shares of the company's stock, valued at $2,287,006.40. This trade represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Urban Outfitters Stock Down 1.1%
NASDAQ URBN opened at $74.21 on Tuesday. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $85.43. The business's 50-day moving average price is $76.41 and its 200 day moving average price is $71.94. The firm has a market cap of $6.36 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.17 and a beta of 1.26.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business earned $1.58 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters, Inc. will post 6.2 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Barclays lifted their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Wall Street Zen cut shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, August 31st. The Goldman Sachs Group upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $93.00 in a research report on Monday, July 20th. Finally, Wells Fargo & Company raised their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of "Moderate Buy" and an average price target of $89.75.
Check Out Our Latest Analysis on URBN
Institutional Trading of Urban Outfitters
Several hedge funds have recently modified their holdings of URBN. GAMMA Investing LLC raised its position in Urban Outfitters by 10.1% in the second quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer's stock worth $145,000 after acquiring an additional 188 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Urban Outfitters by 87.0% during the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 247 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Urban Outfitters by 2.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer's stock worth $679,000 after purchasing an additional 263 shares during the period. Allworth Financial LP grew its stake in shares of Urban Outfitters by 186.9% during the 2nd quarter. Allworth Financial LP now owns 439 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 286 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Urban Outfitters by 0.7% in the 1st quarter. Bessemer Group Inc. now owns 41,147 shares of the apparel retailer's stock valued at $2,607,000 after purchasing an additional 296 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.
About Urban Outfitters
(
Get Free Report)
Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.
The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.
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