Calvin Hollinger Reduced 23,813 Shares of Urban Outfitters, Inc. (URBN) Shares

Calvin Hollinger Reduced 23,813 Shares of Urban Outfitters, Inc. (URBN) Shares

Shares of URBN opened at $29.35 on Thursday. Urban Outfitters, Inc. has a 12-month low of $28.82 and a 12-month high of $52.50. The stock has a market capitalization of $3.19 billion, a P/E ratio of 10.67, a PEG ratio of 0.95 and a beta of 0.58.

Urban Outfitters, Inc. (NASDAQ:URBN) COO Calvin Hollinger sold 23,813 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.13, for a total transaction of $693,672.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. During the same period last year, the company earned $0.62 earnings per share. As a group, research analysts expect that Urban Outfitters, Inc. will post 2.71 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Huntington National Bank lifted its position in Urban Outfitters by 42.7% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 369 shares during the last quarter. Bessemer Group Inc. lifted its position in Urban Outfitters by 105.5% in the fourth quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 499 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in Urban Outfitters by 4.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 12,835 shares of the apparel retailer’s stock valued at $426,000 after buying an additional 544 shares during the last quarter. Comerica Bank lifted its position in Urban Outfitters by 1.3% in the fourth quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock valued at $1,600,000 after buying an additional 653 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Urban Outfitters by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,378 shares of the apparel retailer’s stock valued at $677,000 after buying an additional 848 shares during the last quarter. 77.24% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on URBN. Zacks Investment Research cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Wells Fargo & Co decreased their target price on shares of Urban Outfitters from $50.00 to $44.00 and set a “market perform” rating for the company in a research note on Tuesday, November 20th. BidaskClub cut shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Royal Bank of Canada decreased their target price on shares of Urban Outfitters to $46.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 20th. Finally, Bank of America set a $50.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.29.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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