Urban Outfitters, Inc. (NASDAQ:URBN) Insider Azeez Hayne Sells 11,676 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) insider Azeez Hayne sold 11,676 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Urban Outfitters Stock Performance

NASDAQ:URBN traded down $1.26 during trading hours on Wednesday, hitting $52.97. The company’s stock had a trading volume of 1,585,528 shares, compared to its average volume of 1,728,511. The company has a market capitalization of $4.89 billion, a PE ratio of 15.18, a PEG ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The business’s 50-day moving average is $55.99 and its two-hundred day moving average is $46.39.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its stake in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Quarry LP grew its holdings in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after acquiring an additional 1,125 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URBN. Wells Fargo & Company increased their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Barclays boosted their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Urban Outfitters presently has an average 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.