Urban Outfitters (NASDAQ:URBN) Insider Azeez Hayne Sells 8,733 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $75.42 on Wednesday. The stock’s fifty day moving average is $68.25 and its two-hundred day moving average is $70.24. The firm has a market capitalization of $6.46 billion, a P/E ratio of 14.48, a PEG ratio of 1.39 and a beta of 1.23. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week 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 for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. On average, equities analysts forecast that Urban Outfitters, Inc. will post 5.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on URBN. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Barclays reduced their price target on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Wells Fargo & Company reduced their price target on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus target price of $87.18.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently bought and sold shares of URBN. Abrams Bison Investments LLC purchased a new stake in Urban Outfitters during the fourth quarter worth about $127,114,000. Jupiter Asset Management Ltd. increased its stake in Urban Outfitters by 900.1% during 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 purchased a new stake in Urban Outfitters during the third quarter worth about $60,795,000. Balyasny Asset Management L.P. increased its stake 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 purchasing an additional 606,831 shares during the period. Finally, Norges Bank purchased a new stake in Urban Outfitters during the fourth quarter worth about $44,191,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.