Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. Sells 15,000 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Urban Outfitters Trading Up 0.2 %

Shares of NASDAQ:URBN opened at $59.04 on Friday. The firm has a market capitalization of $5.45 billion, a PE ratio of 16.92, a PEG ratio of 1.25 and a beta of 1.55. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $60.90. The business’s 50 day moving average is $51.66 and its 200-day moving average is $43.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted 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 in the last quarter. Quarry LP boosted its stake in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Urban Outfitters in the second quarter valued at $42,000. GAMMA Investing LLC raised its stake in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter valued at $47,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on URBN shares. Wells Fargo & Company raised their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Bank of America boosted their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 14th. Robert W. Baird raised their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.64.

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.