Richard Hayne Sells 10,667 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $76.57, for a total transaction of $816,772.19. Following the completion of the sale, the chief executive officer directly owned 17,739,930 shares of the company’s stock, valued at $1,358,346,440.10. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $81.72 on Friday. The stock’s 50 day simple moving average is $72.74 and its 200 day simple moving average is $72.34. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.20 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The business had revenue of $1.53 billion during the quarter. On average, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

URBN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Barclays raised their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Wells Fargo & Company boosted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. UBS Group raised their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley lifted their price objective on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its holdings in Urban Outfitters by 900.1% in the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after purchasing an additional 873,008 shares during the period. Capital World Investors acquired a new position in Urban Outfitters during the third quarter worth $60,795,000. Norges Bank acquired a new stake in shares of Urban Outfitters in the second quarter valued at about $55,429,000. Balyasny Asset Management L.P. increased its holdings in Urban Outfitters by 5,360.2% during the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after buying an additional 606,831 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Urban Outfitters by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.