Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Urban Outfitters Price Performance
Shares of NASDAQ URBN opened at $53.56 on Friday. The business’s 50-day moving average price is $56.06 and its two-hundred day moving average price is $46.00. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16. The company has a market capitalization of $4.94 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.
Institutional Trading of Urban Outfitters
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on URBN shares. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Robert W. Baird upped their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Telsey Advisory Group upped their price target on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Barclays upped their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company upped their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.00.
Get Our Latest Report on Urban Outfitters
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.
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