Margaret Hayne Sells 9,333 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $73.97, for a total transaction of $690,362.01. Following the completion of the sale, the insider owned 2,402,723 shares of the company’s stock, valued at approximately $177,729,420.31. This trade represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Margaret Hayne also recently made the following trade(s):

• On Friday, November 28th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $74.94, for a total transaction of $699,415.02.
• On Wednesday, November 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $75.32, for a total value of $702,961.56.

Urban Outfitters Stock Down 4.4%

Shares of Urban Outfitters stock opened at $75.72 on Friday. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $80.71. The stock has a market cap of $6.79 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The business has a fifty day simple moving average of $68.05 and a 200-day simple moving average of $70.76.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in shares of Urban Outfitters in the third quarter worth about $430,000. Cambria Investment Management L.P. raised its stake in shares of Urban Outfitters by 15.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock valued at $1,121,000 after acquiring an additional 2,088 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Urban Outfitters in the 3rd quarter worth approximately $466,000. Danske Bank A S bought a new stake in Urban Outfitters during the third quarter worth approximately $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Urban Outfitters by 11.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer’s stock valued at $6,036,000 after purchasing an additional 9,000 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Citigroup increased their price objective on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Wall Street Zen downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.36.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.