By otakuyassine3@gmail.com 
Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Urban Outfitters Price Performance
Shares of URBN stock traded up $0.05 during trading hours on Tuesday, reaching $55.87. 2,223,244 shares of the stock were exchanged, compared to its average volume of 2,128,330. The business’s fifty day moving average is $48.68 and its two-hundred day moving average is $42.72. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $59.05. The firm has a market capitalization of $5.16 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.10 and a beta of 1.55.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last released its 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 analyst estimates of $1.34 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Barclays increased their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley increased their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.55.
Read Our Latest Analysis on URBN
Hedge Funds Weigh In On Urban Outfitters
Several hedge funds have recently added to or reduced their stakes in URBN. Commonwealth Equity Services LLC increased its stake in Urban Outfitters by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after purchasing an additional 482 shares during the last quarter. TD Asset Management Inc increased its stake in Urban Outfitters by 123.7% in the second quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer’s stock valued at $698,000 after purchasing an additional 9,400 shares during the last quarter. Arizona State Retirement System increased its stake in Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after purchasing an additional 401 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in Urban Outfitters by 22.8% in the second quarter. Texas Permanent School Fund Corp now owns 60,820 shares of the apparel retailer’s stock valued at $2,497,000 after purchasing an additional 11,286 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.
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.
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