Urban Outfitters Inc (URBN) Files Form 4 Insider Selling : Frank Conforti Sells 3,300 Shares

Urban Outfitters Inc (URBN): Frank Conforti , Chief Financial Officer of Urban Outfitters Inc sold 3,300 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $28.23 per share for a total value of $93,159.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 6, 2016, Robert H Strouse (director) sold 30,000 shares at $33.92 per share price.On Apr 15, 2015, Tedford G Marlow (CEO, Urban Outfitters Group) sold 50,000 shares at $44.00 per share price.Also, On Apr 14, 2015, Calvin Hollinger (Chief Administrative Officer) sold 8,699 shares at $44.00 per share price.On Mar 17, 2015, Joel S Iii Lawson (director) sold 30,000 shares at $44.44 per share price.

Urban Outfitters: On Wednesday, May 25, 2016 heightened volatility was witnessed in Urban Outfitters which led to swings in the share price. The shares opened for trading at $28.54 and hit $28.855 on the upside , eventually ending the session at $28.81, with a gain of 1.19% or 0.34 points. The heightened volatility saw the trading volume jump to 14,13,091 shares. The 52-week high of the share price is $36.99 and the company has a market cap of $3,382 M . The 52-week low of the share price is at $19.26.

Urban Outfitters Money Flow Index Chart

Company has been under the radar of several Street Analysts.Urban Outfitters is Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on May 20, 2016.Urban Outfitters is Reiterated by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 28 from a previous price target of $30 . The Rating was issued on May 19, 2016.Urban Outfitters is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 32 from a previous price target of $38 . The Rating was issued on May 19, 2016.Urban Outfitters is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 30 from a previous price target of $31 . The Rating was issued on May 19, 2016.Urban Outfitters is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 .The Rating was issued on Apr 14, 2016.

Urban Outfitters Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s customers through retail stores Websites mobile applications catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs develops and markets young women’s contemporary casual apparel.

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