Scott A. Belair Sells 30,000 Shares of Urban Outfitters, Inc. (URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Scott A. Belair sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $36.56, for a total transaction of $1,096,800.00. Following the sale, the director now directly owns 2,470,000 shares of the company’s stock, valued at $90,303,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Urban Outfitters stock opened at $36.96 on Friday. The stock has a market capitalization of $4,000.88, a price-to-earnings ratio of 22.13, a PEG ratio of 1.37 and a beta of 0.56. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $38.28.

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Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. equities analysts predict that Urban Outfitters, Inc. will post 2.25 EPS for the current fiscal year.

A number of analysts have recently issued reports on URBN shares. SunTrust Banks set a $35.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Monday, December 11th. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, December 12th. Wolfe Research boosted their target price on shares of Urban Outfitters from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Robert W. Baird reissued a “buy” rating and set a $35.00 target price on shares of Urban Outfitters in a research note on Friday, December 15th. Finally, KeyCorp reissued a “buy” rating on shares of Urban Outfitters in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus target price of $31.04.

A number of institutional investors have recently made changes to their positions in URBN. Trust Co. of Vermont bought a new position in Urban Outfitters in the fourth quarter worth about $110,000. State of Alaska Department of Revenue bought a new position in Urban Outfitters in the fourth quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co bought a new position in Urban Outfitters in the fourth quarter worth about $207,000. Finally, Shelton Capital Management bought a new position in Urban Outfitters in the fourth quarter worth about $234,000. Institutional investors and hedge funds own 76.74% of the company’s stock.

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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.

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