Urban Outfitters, Inc. (NASDAQ:URBN) Director Joel S. Lawson III sold 20,000 shares of the stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $38.69, for a total value of $773,800.00. Following the transaction, the director now owns 27,000 shares in the company, valued at approximately $1,044,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ URBN opened at $39.68 on Thursday. The company has a market capitalization of $4,298.87, a PE ratio of 23.76, a PEG ratio of 1.45 and a beta of 0.54. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.23.
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, beating the consensus estimate of $0.63 by $0.06. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. sell-side analysts expect that Urban Outfitters, Inc. will post 2.28 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in shares of Urban Outfitters by 6.3% in the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock valued at $2,849,000 after acquiring an additional 7,046 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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. Contravisory Investment Management Inc. acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $414,000. Emerald Advisers Inc. PA acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $297,000. Finally, Teachers Advisors LLC increased its holdings in shares of Urban Outfitters by 13.7% in the fourth quarter. Teachers Advisors LLC now owns 161,819 shares of the apparel retailer’s stock valued at $5,673,000 after purchasing an additional 19,559 shares during the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
A number of equities analysts have issued reports on the company. JPMorgan Chase increased their price target on Urban Outfitters from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, April 6th. SunTrust Banks set a $42.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. ValuEngine upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Loop Capital assumed coverage on Urban Outfitters in a research report on Thursday, March 8th. They set a “buy” rating and a $46.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus 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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