Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia D. Smith Sells 4,500 Shares

Urban Outfitters, Inc. (NASDAQ:URBNGet 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:URBNGet 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its holdings in shares of Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 463 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 687 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Urban Outfitters during the first quarter valued at $46,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth approximately $52,000. 77.61% of the stock is currently owned by institutional investors.

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

(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.

Further Reading

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

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