Urban Outfitters (NASDAQ:URBN) Stock: Insider Harry Cherken, Jr. Sells 5,000 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $92.12, for a total transaction of $460,600.00. Following the sale, the director owned 489,315 shares in the company, valued at $45,075,697.80. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Urban Outfitters Stock Down 2.5%

NASDAQ:URBN opened at $86.72 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $93.64. The firm has a market capitalization of $7.43 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. The firm has a 50-day moving average price of $81.37 and a 200 day moving average price of $73.28.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS. On average, research analysts expect that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on URBN. Jefferies Financial Group increased their price objective on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Wolfe Research initiated coverage on shares of Urban Outfitters in a research report on Wednesday, October 21st. They set a “peer perform” rating for the company. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and an average price target of $90.54.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $31,000. Kilter Group LLC acquired a new stake in Urban Outfitters in the 2nd quarter valued at about $35,000. NewEdge Advisors LLC grew its holdings in Urban Outfitters by 87.0% during the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 247 shares during the period. Root Financial Partners LLC bought a new position in Urban Outfitters during the third quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its holdings in Urban Outfitters by 39.6% during the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer’s stock worth $89,000 after purchasing an additional 331 shares during the period. 77.61% of the stock is owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.