Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Tricia D. Smith, the Global CEO of Anthropologie Group, a division of Urban Outfitters Inc. (NASDAQ:URBN), recently sold 10,000 shares of the company’s common stock. The shares were sold at an average price of $53.938, totaling approximately $539,380. Following this transaction, Smith holds 12,601 shares directly. The sale comes amid a volatile period for URBN shares, which have seen a -7.62% decline over the past week, though maintaining an impressive 50% gain over the past six months.
In addition to the sale, Smith executed a series of transactions involving the acquisition of common shares through the conversion of performance-based restricted stock units and restricted stock units, each representing a contingent right to receive one of the issuer’s common shares. These transactions did not involve any cash exchange, as the shares were acquired at no cost. According to InvestingPro analysis, URBN currently trades at a P/E ratio of 12.39 and maintains a "GREAT" financial health score, suggesting strong fundamental positioning despite recent price volatility.
Smith also disposed of 4,238 shares to cover tax obligations, priced at $54.65 per share, amounting to a total of $463,213. These transactions reflect typical movements for executives managing their compensation packages while maintaining compliance with tax obligations. For deeper insights into URBN’s valuation and additional ProTips, including analyst revisions and growth projections, visit InvestingPro.
In other recent news, Urban Outfitters reported record fourth-quarter sales of $1.6 billion, marking a 9% increase year-over-year, and earnings per share (EPS) of $1.04, surpassing forecasts of $0.94. The company experienced its most profitable year with full-year revenue reaching $5.6 billion, an 8% growth from the previous year. Citi analyst Paul Lejuez raised Urban Outfitters’ price target to $65, maintaining a Buy rating, highlighting the company’s strong gross margin performance and improved comparable store sales. Telsey Advisory Group also adjusted its price target for the company to $59, following better-than-expected holiday sales and margin expansion.
Meanwhile, UBS maintained a Neutral rating with a price target of $60, noting the company’s strong fourth-quarter performance but expressing caution due to macroeconomic uncertainties. Urban Outfitters’ holiday sales were particularly strong, with brands like Free People and Anthropologie showing robust growth. The company’s plans for fiscal 2026 include opening 58 new stores and closing 19, aiming for mid-single-digit sales growth. Urban Outfitters’ recent financial disclosures have provided investors with detailed insights into its operational efficiency and market performance.
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