Harry S. Cherken, Jr. Sells 55,000 Shares of Urban Outfitters, Inc. (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Urban Outfitters Trading Down 2.6 %

Shares of NASDAQ:URBN opened at $53.21 on Friday. The firm has a 50 day moving average of $49.44 and a 200-day moving average of $42.91. The stock has a market capitalization of $4.91 billion, a PE ratio of 15.25, a PEG ratio of 1.19 and a beta of 1.55. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $59.05.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. On average, research analysts predict that Urban Outfitters, Inc. will post 3.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

URBN has been the subject of a number of research reports. Barclays raised their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. UBS Group lifted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.64.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Urban Outfitters by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after purchasing an additional 258 shares during the last quarter. Quarry LP grew its holdings in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Urban Outfitters by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after purchasing an additional 401 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

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.