Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Following these transactions, Cherken holds 510,296 shares directly. Additionally, he maintains an indirect ownership of 4,400 shares through a trust. The transactions were conducted under a pre-arranged trading plan. Urban Outfitters (NASDAQ:URBN), known for its retail brands such as Anthropologie and Free People, continues to be a notable player in the family clothing store segment, with a market capitalization of $5.17 billion and a moderate P/E ratio of 15.7. InvestingPro has identified 11 additional investment tips for URBN, including insights about earnings revisions and cash flow strength. Access the complete analysis and Pro Research Report through an InvestingPro subscription.
Following these transactions, Cherken holds 510,296 shares directly. Additionally, he maintains an indirect ownership of 4,400 shares through a trust. The transactions were conducted under a pre-arranged trading plan. Urban Outfitters, known for its retail brands such as Anthropologie and Free People, continues to be a notable player in the family clothing store segment, with a market capitalization of $5.17 billion and a moderate P/E ratio of 15.7. InvestingPro has identified 11 additional investment tips for URBN, including insights about earnings revisions and cash flow strength. Access the complete analysis and Pro Research Report through an InvestingPro subscription.
In other recent news, Urban Outfitters reported a 10% increase in quarter-to-date sales across most of its brands, despite a 4% downturn in its namesake brand. The company also reported a 6% increase in total sales to $1.4 billion and a 24% rise in net income to $103 million for the three and nine months ended October 31, 2024. Jefferies analyst Corey Tarlowe raised the price target for Urban Outfitters to $40, maintaining an Underperform rating. Baird, Telsey Advisory Group, and Citi also adjusted their price targets for the company, with Baird raising it to $55, Telsey to $46, and Citi upgrading the stock from Neutral to Buy with a new price target of $59. These adjustments reflect the company's recent performance and market position. The company's Nuuly segment, a subscription rental service, saw net sales soar 55%, driven by a 53% rise in active subscribers. Urban Outfitters also plans to open approximately 58 new stores while closing 31 in fiscal 2025. These are recent developments and do not reflect a comprehensive view of the company.
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