Urban Outfitters, Inc. (NASDAQ:URBN) Director Wesley S. Mcdonald Sells 8,300 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares of the company’s stock, valued at approximately $902,898. This trade represents a 34.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $57.34 on Thursday. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The stock has a market cap of $5.29 billion, a PE ratio of 16.43, a PEG ratio of 1.02 and a beta of 1.56. The firm has a 50-day simple moving average of $56.04 and a 200 day simple moving average of $45.86.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results 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. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

Several institutional investors have recently bought and sold shares of URBN. State Street Corp increased its position in shares of Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after purchasing an additional 31,100 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after purchasing an additional 115,390 shares during the last quarter. American Century Companies Inc. raised its position in shares of Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after acquiring an additional 173,082 shares during the last quarter. Junto Capital Management LP lifted its position in Urban Outfitters by 0.9% during the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer’s stock valued at $81,422,000 after purchasing an additional 13,820 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after buying an additional 18,249 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Ratings Changes

URBN has been the subject of a number of recent analyst reports. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Robert W. Baird lifted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Bank of America boosted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, UBS Group raised their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.