Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) CEO Tricia D. Smith sold 4,500 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the sale, the chief executive officer now directly owns 13,477 shares in the company, valued at $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Urban Outfitters Stock Performance
NASDAQ:URBN opened at $68.01 on Friday. The firm’s fifty day moving average is $59.09 and its 200-day moving average is $55.64. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $75.80. The firm has a market cap of $6.30 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.02 and a beta of 1.45.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.
Institutional Investors Weigh In On Urban Outfitters
Analyst Upgrades and Downgrades
URBN has been the topic of several analyst reports. Wall Street Zen upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Saturday. Jefferies Financial Group upgraded shares of Urban Outfitters from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Robert W. Baird raised shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday. Citigroup dropped their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.09.
View Our Latest Stock Report on URBN
Urban Outfitters Company Profile
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.
Further Reading
- Five stocks we like better than Urban Outfitters
- How to Profit From Growth Investing
- IBM Up 10 Days in a Row: What’s Driving the Winning Streak?
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Upstart Stock’s Bull Case Just Got a Lot Stronger
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Higher Gulf Oil Output Puts These Energy Names in Play
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.