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

Urban Outfitters, Inc. (NASDAQ:URBN) Director Wesley S. Mcdonald sold 8,300 shares of the firm’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 $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $54.10 on Friday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The stock has a 50-day simple moving average of $56.09 and a 200-day simple moving average of $45.94.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Telsey Advisory Group raised their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Bank of America raised their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Barclays lifted their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.00.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Farther Finance Advisors LLC lifted its holdings in Urban Outfitters by 26.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 785 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters in the 3rd quarter worth approximately $47,000. Olympiad Research LP lifted its holdings in Urban Outfitters by 43.7% in the 3rd quarter. Olympiad Research LP now owns 7,561 shares of the apparel retailer’s stock worth $290,000 after purchasing an additional 2,301 shares during the last quarter. Easterly Investment Partners LLC lifted its holdings in Urban Outfitters by 2.2% in the 3rd quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock worth $9,925,000 after purchasing an additional 5,635 shares during the last quarter. Finally, Versor Investments LP increased its position in Urban Outfitters by 13.4% in the 3rd quarter. Versor Investments LP now owns 8,502 shares of the apparel retailer’s stock worth $326,000 after buying an additional 1,002 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.