Urban Outfitters, Inc. (NASDAQ:URBN) Insider Sells $639,261.00 in Stock

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

Urban Outfitters Price Performance

Shares of URBN stock opened at $48.81 on Friday. The firm has a market cap of $4.50 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The firm has a fifty day moving average of $55.64 and a two-hundred day moving average of $46.54.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share 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 analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Phocas Financial Corp. acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $3,699,000. Mackenzie Financial Corp acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $216,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock valued at $1,898,000 after buying an additional 32,747 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer’s stock valued at $7,086,000 after buying an additional 19,551 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $18,513,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on URBN shares. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Barclays lifted their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, UBS Group lifted their price target 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. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently 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.