Harry S. Cherken, Jr. Sells 55,000 Shares of Urban Outfitters, Inc. (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now owns 510,296 shares of the company’s stock, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Urban Outfitters Stock Performance

URBN opened at $54.62 on Thursday. The firm has a market cap of $5.04 billion, a P/E ratio of 15.65, a PEG ratio of 1.10 and a beta of 1.55. The firm has a 50-day moving average of $49.07 and a 200 day moving average of $42.83. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $59.05.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Equities research analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. Quarry LP lifted its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Urban Outfitters in the second quarter worth about $42,000. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters in the third quarter worth about $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URBN has been the subject of a number of recent research reports. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Robert W. Baird upped their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group upped their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.55.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.