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Urban Outfitters CAO Azeez Hayne sells shares worth over $583k

Published 05/30/2024, 05:06 AM
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Urban Outfitters Inc. (NASDAQ:URBN) Chief Administrative Officer Azeez Hayne has sold a total of 13,967 common shares of the company, according to the latest SEC filings. The shares were sold at a price of $41.78 each, amounting to a total value of $583,541.

The transaction, dated May 28, 2024, left Hayne without any direct ownership of Urban Outfitters' common shares, as reported in the filing. However, it should be noted that Hayne still indirectly owns 8,827 common shares through a trust.

This sale comes at a time when Urban Outfitters' stock has been under the watchful eye of investors, with the retail sector facing various market challenges. The transaction details provide a snapshot of the executive's trading activity, offering investors insight into insider behavior at the company.

Urban Outfitters Inc., headquartered in Philadelphia, PA, is known for its eclectic offering of lifestyle merchandise, appealing to a diverse demographic of young adults through its unique product mix and compelling store environment.

Investors and market watchers often pay close attention to insider transactions as they can provide valuable signals about the company's prospects and executive sentiment. In the case of Urban Outfitters, stakeholders now have the latest piece of the puzzle when it comes to understanding the financial moves of its top executives.

InvestingPro Insights

As Urban Outfitters Inc. (NASDAQ:URBN) navigates the retail sector's dynamic landscape, its financial metrics and market performance continue to be a focal point for investors. According to real-time data from InvestingPro, Urban Outfitters is currently trading at an attractive P/E ratio of 13.05, which is lower than the adjusted P/E ratio for the last twelve months as of Q1 2025, standing at 12.28. This could indicate a potential undervaluation relative to near-term earnings growth, an InvestingPro Tip that suggests the stock might be an interesting pick for value investors.

With a market capitalization of $3.85 billion and a PEG ratio for the last twelve months as of Q1 2025 at a low 0.21, Urban Outfitters appears to be positioned for future growth when considering its earnings trajectory. The PEG ratio, which measures the stock's price relative to its earnings growth rate, is often used to gauge the stock's valuation considering its expected earnings growth, and in this case, suggests that the stock may be undervalued.

Furthermore, the company has demonstrated a solid financial foundation, with a revenue growth of 7.89% over the last twelve months as of Q1 2025. This steady increase in revenue aligns with the InvestingPro Tip highlighting that analysts predict the company will be profitable this year, which is supported by the fact that Urban Outfitters has been profitable over the last twelve months.

For investors looking to delve deeper into Urban Outfitters' financial health and market potential, additional InvestingPro Tips are available. There are 7 additional tips listed in InvestingPro, which can provide further insights into the company's debt management, cash flow stability, and stock price volatility. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes these valuable tips and more detailed analytics to aid in making informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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