Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) CEO Sells 10,000 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $48.81 on Friday. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The company’s fifty day moving average price is $55.64 and its two-hundred day moving average price is $46.54. The firm has a market capitalization of $4.50 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

URBN has been the subject of several recent analyst reports. Telsey Advisory Group upped their price target on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company boosted their price objective on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $56.00.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently made changes to their positions in URBN. Jones Financial Companies Lllp boosted its stake in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its position in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the 3rd quarter worth about $47,000. Quarry LP lifted its position in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares in the last quarter. Finally, KBC Group NV lifted its position in Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after buying an additional 594 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.