Insider Selling: Urban Outfitters (NASDAQ:URBN) CFO Sells $460,275.00 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $80.75, for a total value of $460,275.00. Following the sale, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. The trade was a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $75.60 on Friday. The stock’s fifty day moving average price is $75.43 and its two-hundred day moving average price is $71.44. The company has a market cap of $6.47 billion, a PE ratio of 11.79, a P/E/G ratio of 1.22 and a beta of 1.26. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $85.43.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. Urban Outfitters’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters, Inc. will post 6.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Eurizon Capital SGR S.p.A. bought a new stake in Urban Outfitters during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its stake in shares of Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP bought a new position in shares of Urban Outfitters during the second quarter valued at $31,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Urban Outfitters by 566.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 374 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Urban Outfitters during the fourth quarter worth $33,000. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. BMO Capital Markets initiated coverage on shares of Urban Outfitters in a research note on Tuesday. They issued a “market perform” rating and a $80.00 price objective for the company. The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $76.00 to $93.00 in a research report on Monday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, August 31st. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.