Key Points
- Director Harry Cherken, Jr. sold 5,000 Urban Outfitters shares at an average price of $87.06, generating $435,300. He retained 494,315 shares after the transaction, reducing his ownership by 1%.
- Urban Outfitters reported quarterly revenue of $1.66 billion, up 10.4% year over year, while earnings of $1.72 per share matched analyst expectations.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $90.54 price target; institutional investors own 77.61% of the company.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Harry Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $87.06, for a total transaction of $435,300.00. Following the completion of the transaction, the director owned 494,315 shares of the company's stock, valued at approximately $43,035,063.90. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Urban Outfitters Price Performance
NASDAQ URBN traded down $0.83 during trading hours on Friday, reaching $86.57. 1,286,225 shares of the company's stock traded hands, compared to its average volume of 1,110,594. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $90.59. The firm has a market cap of $7.42 billion, a PE ratio of 13.51, a PEG ratio of 1.37 and a beta of 1.24. The firm has a 50-day simple moving average of $78.46 and a 200 day simple moving average of $74.01.
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, hitting the consensus estimate of $1.72. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. Urban Outfitters's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Sell-side analysts forecast that Urban Outfitters, Inc. will post 6.20 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on URBN. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, August 18th. Needham & Company LLC initiated coverage on Urban Outfitters in a research note on Friday. They issued a "buy" rating and a $100.00 price target on the stock. Barclays upped their price target on Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Wells Fargo & Company raised their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. Finally, Zacks Research lowered Urban Outfitters from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.54.
Read Our Latest Stock Report on Urban Outfitters
Institutional Trading of Urban Outfitters
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Urban Outfitters during the 2nd quarter valued at about $615,160,000. Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock worth $273,274,000 after buying an additional 338,622 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Urban Outfitters by 23.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer's stock valued at $62,155,000 after buying an additional 189,454 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Urban Outfitters during the second quarter valued at approximately $33,414,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Urban Outfitters by 211.4% during the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock valued at $30,344,000 after buying an additional 290,698 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.
About Urban Outfitters
(
Get Free Report)
Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.
The company's portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women's clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women's apparel and activewear.
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