Urban Outfitters, Inc. (NASDAQ:URBN) Director Sells $485,052.00 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Wesley S. Mcdonald sold 8,300 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Urban Outfitters Trading Down 1.0 %

Urban Outfitters stock traded down $0.54 during trading hours on Friday, hitting $53.56. 1,835,988 shares of the stock traded hands, compared to its average volume of 1,721,925. The firm's 50-day moving average price is $56.02 and its two-hundred day moving average price is $46.13. The company has a market cap of $4.94 billion, a PE ratio of 15.35, a PEG ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after purchasing an additional 252 shares during the last quarter. Finally, Quarry LP lifted 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 purchasing an additional 298 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on URBN shares. UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and raised their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, March 1st. Finally, Robert W. Baird raised their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.