Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) Director Sells 8,300 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) 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) 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

Several large investors have recently made changes to their positions in URBN. Jones Financial Companies Lllp boosted its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $42,000 after acquiring an additional 202 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the 3rd quarter worth about $47,000. Quarry LP boosted its stake 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 worth $47,000 after acquiring an additional 298 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

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.

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.