Urban Outfitters, Inc. (URBN) Insider Sells $5,677,674.26 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider David W. Mccreight sold 147,319 shares of the company’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $38.54, for a total value of $5,677,674.26. Following the sale, the insider now directly owns 108,900 shares of the company’s stock, valued at approximately $4,197,006. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ URBN opened at $39.68 on Thursday. The firm has a market capitalization of $4,298.87, a P/E ratio of 23.76, a PEG ratio of 1.45 and a beta of 0.54. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $40.23.

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Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. Urban Outfitters’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. research analysts predict that Urban Outfitters, Inc. will post 2.28 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Urban Outfitters by 32.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock valued at $101,640,000 after purchasing an additional 1,053,712 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Urban Outfitters by 338.9% in the fourth quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock valued at $47,586,000 after purchasing an additional 1,048,052 shares in the last quarter. Deutsche Bank AG raised its stake in Urban Outfitters by 5.8% during the fourth quarter. Deutsche Bank AG now owns 1,277,048 shares of the apparel retailer’s stock worth $44,772,000 after acquiring an additional 69,616 shares in the last quarter. Two Sigma Advisers LP raised its stake in Urban Outfitters by 263.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock worth $39,887,000 after acquiring an additional 824,876 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in Urban Outfitters by 0.6% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 927,815 shares of the apparel retailer’s stock worth $32,529,000 after acquiring an additional 5,350 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.

A number of equities research analysts have issued reports on URBN shares. BidaskClub cut Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 target price on shares of Urban Outfitters in a research report on Friday, February 2nd. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, January 12th. Buckingham Research reaffirmed a “buy” rating and set a $42.00 target price (up previously from $32.00) on shares of Urban Outfitters in a research report on Thursday, January 11th. Finally, Robert W. Baird set a $39.00 price target on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.00.

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Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

Insider Buying and Selling by Quarter for Urban Outfitters (NASDAQ:URBN)

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