Urban Outfitters, Inc. (NASDAQ:URBN) insider David W. Mccreight sold 147,319 shares of the business’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $38.54, for a total transaction of $5,677,674.26. Following the completion of the sale, the insider now directly owns 108,900 shares of the company’s stock, valued at $4,197,006. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ URBN opened at $39.61 on Tuesday. Urban Outfitters, Inc. has a 1 year low of $16.19 and a 1 year high of $39.79. The stock has a market cap of $4,226.16, a P/E ratio of 23.72, a P/E/G ratio of 1.43 and a beta of 0.54.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. Urban Outfitters’s quarterly revenue was up 5.7% on a year-over-year basis. research analysts forecast that Urban Outfitters, Inc. will post 2.27 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Urban Outfitters by 6.3% during the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock valued at $2,849,000 after buying an additional 7,046 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Urban Outfitters during the fourth quarter valued at about $414,000. Emerald Advisers Inc. PA purchased a new position in shares of Urban Outfitters during the fourth quarter valued at about $297,000. Finally, Teachers Advisors LLC increased its position in shares of Urban Outfitters by 13.7% during the fourth quarter. Teachers Advisors LLC now owns 161,819 shares of the apparel retailer’s stock valued at $5,673,000 after buying an additional 19,559 shares during the period. Institutional investors own 76.50% of the company’s stock.
Several analysts have weighed in on URBN shares. Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of Urban Outfitters in a research note on Monday, December 18th. Robert W. Baird set a $39.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Friday, December 22nd. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, BidaskClub downgraded shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $32.00.
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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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