Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Urban Outfitters Trading Up 2.2 %
Shares of NASDAQ:URBN opened at $35.18 on Friday. The company has a market cap of $3.29 billion, a PE ratio of 11.24, a P/E/G ratio of 0.86 and a beta of 1.50. The company’s 50 day moving average is $41.19 and its two-hundred day moving average is $41.52. Urban Outfitters, Inc. has a 52 week low of $30.05 and a 52 week high of $48.90.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.63 EPS for the current year.
Analyst Upgrades and Downgrades
View Our Latest Analysis on URBN
Institutional Trading of Urban Outfitters
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 417 shares during the last quarter. Quarry LP grew its holdings in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Urban Outfitters during the second quarter worth about $42,000. Spire Wealth Management increased its position in shares of Urban Outfitters by 3,700.0% during the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 77.61% of the company’s stock.
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.
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