Urban Outfitters, Inc. (NASDAQ:URBN) COO Calvin Hollinger sold 17,218 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $35.25, for a total value of $606,934.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Calvin Hollinger also recently made the following trade(s):
- On Monday, March 12th, Calvin Hollinger sold 17,397 shares of Urban Outfitters stock. The shares were sold at an average price of $35.25, for a total value of $613,244.25.
Shares of NASDAQ:URBN opened at $38.54 on Friday. Urban Outfitters, Inc. has a 52-week low of $16.19 and a 52-week high of $38.70. The firm has a market capitalization of $4,022.12, a PE ratio of 23.08, a P/E/G ratio of 1.36 and a beta of 0.54.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts anticipate that Urban Outfitters, Inc. will post 2.27 EPS for the current fiscal year.
Several research analysts have recently commented on URBN shares. Wolfe Research lifted their price target on Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. BidaskClub raised Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Zacks Investment Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Telsey Advisory Group lifted their target price on Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, January 2nd. Finally, 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. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.44.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new position in Urban Outfitters during the fourth quarter worth about $110,000. State of Alaska Department of Revenue purchased a new position in shares of Urban Outfitters in the 4th quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 1,522 shares during the period. BRYN MAWR TRUST Co purchased a new position in shares of Urban Outfitters in the 4th quarter worth about $207,000. Finally, Shelton Capital Management purchased a new position in shares of Urban Outfitters in the 4th quarter worth about $234,000. Hedge funds and other institutional investors 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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