Urban Outfitters (NASDAQ:URBN) Insider Sells $724,987.44 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $77.68, for a total transaction of $724,987.44. Following the completion of the transaction, the insider directly owned 2,244,062 shares in the company, valued at $174,318,736.16. The trade was a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.57, for a total transaction of $714,627.81.
• On Monday, December 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $80.38, for a total transaction of $750,186.54.
• On Friday, December 19th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $81.14, for a total transaction of $757,279.62.
• On Wednesday, December 17th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $82.53, for a total transaction of $770,252.49.
• 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 value of $776,318.94.
• On Friday, December 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 value of $715,001.13.
• On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $78.95, for a total value of $736,840.35.

Urban Outfitters Stock Down 0.8%

NASDAQ:URBN traded down $0.62 on Monday, reaching $76.43. 1,346,013 shares of the company’s stock were exchanged, compared to its average volume of 2,117,506. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $83.94. The business has a fifty day moving average of $70.92 and a 200-day moving average of $71.86.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on URBN shares. Morgan Stanley increased 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. Barclays increased their price target on Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Citigroup upped their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, UBS Group lifted their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of Urban Outfitters during the third quarter worth about $25,000. Hollencrest Capital Management purchased a new position in Urban Outfitters during the 2nd quarter worth approximately $26,000. Global Retirement Partners LLC lifted its stake in Urban Outfitters by 158.4% in the third 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 last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 301 shares during the period. Finally, Kilter Group LLC acquired a new stake in shares of Urban Outfitters in the second quarter valued at approximately $36,000. Institutional investors and hedge funds 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.