Urban Outfitters, Inc. (NASDAQ:URBN) General Counsel Azeez Hayne sold 11,421 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $35.49, for a total value of $405,331.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ:URBN traded down $0.01 during trading hours on Friday, reaching $38.54. 5,725,528 shares of the stock were exchanged, compared to its average volume of 2,558,188. Urban Outfitters, Inc. has a twelve month low of $16.19 and a twelve month high of $38.70. The stock has a market capitalization of $4,022.12, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. equities analysts predict that Urban Outfitters, Inc. will post 2.27 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the company. Robert W. Baird set a $39.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Urban Outfitters in a research report on Monday, December 18th. KeyCorp reiterated a “buy” rating on shares of Urban Outfitters in a research report on Friday, December 15th. SunTrust Banks set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, BidaskClub lowered Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.44.
Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Trust Co. of Vermont acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at $110,000. State of Alaska Department of Revenue acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after acquiring an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at $207,000. Finally, Shelton Capital Management acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at $234,000. Institutional investors and hedge funds own 76.74% of the company’s stock.
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Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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