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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $82.53, for a total transaction of $770,252.49. Following the transaction, the insider owned 2,290,727 shares of the company’s stock, valued at $189,053,699.31. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $83.18, for a total transaction of $776,318.94.
• On Friday, December 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $82.66, for a total value of $771,465.78.
• On Wednesday, December 10th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $78.36, for a total value of $731,333.88.
• On Monday, December 8th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.03, for a total value of $709,587.99.
• On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.61, for a total transaction of $715,001.13.
• On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $78.95, for a total transaction of $736,840.35.
• On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $73.97, for a total transaction of $690,362.01.
• 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 value of $699,415.02.
• On Wednesday, November 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $75.32, for a total value of $702,961.56.

Urban Outfitters Trading Down 0.9%

URBN stock opened at $81.33 on Friday. The stock has a market cap of $7.29 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.24 and a beta of 1.20. The stock’s fifty day simple moving average is $69.87 and its two-hundred day simple moving average is $71.56. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $83.94.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on URBN shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. UBS Group upped their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Telsey Advisory Group raised Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $85.00 to $98.00 in a report on Wednesday. Morgan Stanley boosted their price objective on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company increased their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Institutional Trading of Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new stake in shares of Urban Outfitters during the third quarter valued at approximately $25,000. Hollencrest Capital Management bought a new stake in Urban Outfitters during the 2nd quarter valued at $26,000. Global Retirement Partners LLC boosted its position in Urban Outfitters by 158.4% during the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 282 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 274 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.