Key Points
- Urban Outfitters director Harry Cherken, Jr. sold 5,000 shares at an average price of $92.12, generating $460,600 and reducing his holdings by 1.01% to 489,315 shares.
- URBN shares opened at $88.94, down 2.0%, but remain near their 52-week high of $93.64; the company has a $7.62 billion market capitalization and a P/E ratio of 13.88.
- Urban Outfitters matched quarterly EPS estimates at $1.72 and exceeded revenue expectations with $1.66 billion, up 10.4% year over year. Analysts’ consensus rating is “Moderate Buy”, with an average price target of $90.54.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Harry Cherken, Jr. sold 5,000 shares of the firm's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $92.12, for a total transaction of $460,600.00. Following the completion of the sale, the director owned 489,315 shares of the company's stock, valued at $45,075,697.80. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Urban Outfitters Stock Down 2.0%
Shares of NASDAQ:URBN opened at $88.94 on Tuesday. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.40 and a beta of 1.24. The firm's 50-day simple moving average is $81.15 and its 200-day simple moving average is $73.20. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $93.64.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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%. The business's revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 earnings per share. On average, research analysts forecast that Urban Outfitters, Inc. will post 6.20 EPS for the current year.
Hedge Funds Weigh In On Urban Outfitters
A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its holdings in Urban Outfitters by 34.6% during the third quarter. Kestra Advisory Services LLC now owns 5,244 shares of the apparel retailer's stock worth $401,000 after buying an additional 1,348 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Urban Outfitters by 11.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,919 shares of the apparel retailer's stock worth $987,000 after buying an additional 1,300 shares during the period. Vise Technologies Inc. grew its position in Urban Outfitters by 4.0% during the third quarter. Vise Technologies Inc. now owns 3,050 shares of the apparel retailer's stock worth $233,000 after buying an additional 118 shares during the period. Summit Global Investments increased its holdings in Urban Outfitters by 124.3% in the third quarter. Summit Global Investments now owns 8,929 shares of the apparel retailer's stock valued at $682,000 after buying an additional 4,948 shares in the last quarter. Finally, Bosman Wealth Management LLC purchased a new position in Urban Outfitters in the third quarter valued at about $1,264,000. Hedge funds and other institutional investors own 77.61% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on URBN shares. BMO Capital Markets started coverage on Urban Outfitters in a research report on Tuesday, September 8th. They set a "market perform" rating and a $80.00 target price on the stock. Jefferies Financial Group increased their target price on Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Citigroup reissued a "neutral" rating on shares of Urban Outfitters in a report on Friday, August 28th. Needham & Company LLC began coverage on Urban Outfitters in a research note on Friday, October 16th. They issued a "buy" rating and a $100.00 price target on the stock. Finally, Barclays upped their price objective on Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of "Moderate Buy" and an average target price of $90.54.
Check Out Our Latest Analysis on URBN
Urban Outfitters Company Profile
(
Get Free Report)
Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.
Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.
Further Reading
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