Lucid files for 1-for-10 reverse stock split requiring shareholder approval
PHILADELPHIA—Azeez Hayne, Chief Administrative Officer at Urban Outfitters Inc. (NASDAQ:URBN), recently sold 12,856 common shares of the company, according to a recent SEC filing. The sale comes as Urban Outfitters trades near its 52-week high of $75.80, having delivered an impressive 81% return over the past year. InvestingPro analysis indicates the stock is currently trading at fair value, with a P/E ratio of 15. The shares were sold at a price of $73 each, totaling $938,488. Following this transaction, Hayne holds no shares directly, but maintains indirect ownership of 8,827 shares through a trust and 55,815 shares as a partial residuary beneficiary of another trust. The company maintains strong financial health with a perfect Piotroski Score of 9, though technical indicators suggest the stock is in overbought territory. For deeper insights into insider trading patterns and 14 additional key metrics, check out the comprehensive research available on InvestingPro.
In other recent news, Urban Outfitters disclosed its first-quarter earnings for the period ending April 30, 2025, without specifying the financial figures in its SEC filing. However, BofA Securities reported that the company achieved a first-quarter earnings per share (EPS) of $1.12, surpassing estimates of $0.77 and $0.81, with strong sales across its brands. Following the release of these results, several analyst firms adjusted their price targets for Urban Outfitters. BofA Securities raised its target to $80, maintaining a Buy rating, citing the robust performance of divisions like Anthropologie and Free People. Morgan Stanley (NYSE:MS) also increased its target to $77, keeping an Overweight rating, and highlighted the company’s potential for revenue growth and margin expansion. BMO Capital Markets lifted its target to $76, noting a broad-based beat in first-quarter results and strong momentum. Meanwhile, Jefferies raised its target to $50 but retained an Underperform rating, expressing concerns about North American sales despite positive global performance. These developments reflect a range of analyst perspectives on Urban Outfitters’ recent financial performance and future potential.
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