Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) Director Sells 8,300 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $0.57 during midday trading on Wednesday, reaching $57.34. The company’s stock had a trading volume of 1,566,789 shares, compared to its average volume of 1,717,693. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The firm has a 50 day moving average price of $56.04 and a two-hundred day moving average price of $45.86. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Jones Financial Companies Lllp grew its stake in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC grew its stake in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the third quarter valued at approximately $47,000. Quarry LP increased its holdings in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Urban Outfitters by 39.8% during the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after purchasing an additional 594 shares during the period. 77.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

URBN has been the topic of several research reports. Barclays boosted their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. UBS Group boosted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Robert W. Baird boosted their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $56.00.

Urban Outfitters Company Profile

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.