Urban Outfitters (NASDAQ:URBN) CFO Melanie Marein-Efron Sells 5,036 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,036 shares of Urban Outfitters stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. The trade was a 22.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $75.42 on Wednesday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.39 and a beta of 1.23. The firm’s fifty day simple moving average is $68.25 and its 200-day simple moving average is $70.24. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. Analysts anticipate that Urban Outfitters, Inc. will post 5.97 earnings per share for the current year.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Maryland State Retirement & Pension System grew its stake in shares of Urban Outfitters by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after purchasing an additional 148 shares during the period. Salomon & Ludwin LLC grew its stake in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC grew its stake in shares of Urban Outfitters by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after purchasing an additional 154 shares during the period. Oliver Luxxe Assets LLC grew its stake in shares of Urban Outfitters by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock worth $2,542,000 after purchasing an additional 181 shares during the period. Finally, Lido Advisors LLC grew its stake in shares of Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after purchasing an additional 193 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. Wells Fargo & Company lowered their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.18.

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.