Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) Director Sells 55,000 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBNGet Free Report) Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Urban Outfitters Stock Performance

Urban Outfitters stock traded up $0.05 during midday trading on Tuesday, reaching $55.87. The company’s stock had a trading volume of 2,223,244 shares, compared to its average volume of 2,128,330. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $59.05. The stock’s 50 day simple moving average is $48.68 and its 200 day simple moving average is $42.72. The firm has a market capitalization of $5.16 billion, a PE ratio of 16.01, a P/E/G ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.88 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on URBN shares. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. UBS Group increased their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Finally, Barclays increased their price target on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.55.

View Our Latest Research Report on Urban Outfitters

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Quarry LP increased its position in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters during the 2nd quarter worth about $42,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters during the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Urban Outfitters (NASDAQ:URBN)

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