Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Frank Conforti, Co-President and COO of Urban Outfitters Inc. (NASDAQ:URBN), recently sold a significant portion of his shares in the company. According to a Form 4 filing with the SEC, Conforti sold a total of 36,555 common shares on March 3, 2025, at prices ranging from $59.105 to $60.836 per share. The total value of these transactions amounted to approximately $2.2 million. The sale comes as URBN, now valued at $5.27 billion, trades near its 52-week high of $61.16, having gained an impressive 57% over the past six months. InvestingPro data shows the stock currently trades at a P/E ratio of 13.15. Following these sales, Conforti holds no direct shares, though he retains 460 shares indirectly through a profit-sharing fund. According to InvestingPro, Urban Outfitters maintains a GREAT financial health score, with 8 additional exclusive insights available to subscribers. The company’s comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US stocks, provides detailed analysis of the company’s financial position and growth prospects.
In other recent news, Urban Outfitters reported record fourth-quarter sales of $1.6 billion, marking a 9% year-over-year increase. The company’s earnings per share (EPS) of $1.04 exceeded analysts’ expectations, which were set at $0.94. The strong performance has led to positive revisions in the company’s future outlook, with UBS raising its EPS estimates for Urban Outfitters by 7% to 9% for the years 2025 to 2027. Telsey Advisory Group also adjusted its price target for Urban Outfitters, increasing it to $59 due to the company’s better-than-expected holiday sales and improved cost leverage. Meanwhile, Citi raised its price target to $65, maintaining a Buy rating, highlighting the company’s strong gross margin and potential for earnings upside in fiscal year 2025. Urban Outfitters has announced plans to open 58 new stores and close 19 in fiscal 2026, aiming for mid-single-digit sales growth. These developments reflect Urban Outfitters’ strategic focus on expanding its product lines and improving store productivity across its brands.
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