Harry S. Cherken, Jr. Sells 55,000 Shares of Urban Outfitters, Inc. (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $54.62 on Thursday. The firm’s 50 day simple moving average is $49.07 and its 200 day simple moving average is $42.83. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $59.05. The company has a market cap of $5.04 billion, a PE ratio of 15.65, a P/E/G ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. Equities research analysts expect that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Urban Outfitters by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after acquiring an additional 258 shares during the period. Quarry LP lifted its position in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. lifted its position in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Urban Outfitters by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 401 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on URBN. Wells Fargo & Company raised their target price on shares of Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. UBS Group raised their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Bank of America lifted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Barclays lifted their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.55.

About Urban Outfitters

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.