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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $76.57, for a total value of $714,627.81. Following the completion of the sale, the insider directly owned 2,188,064 shares of the company’s stock, valued at $167,540,060.48. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, January 2nd, 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, December 31st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $75.64, for a total transaction of $705,948.12.
• On Monday, December 29th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.28, for a total transaction of $711,921.24.
• On Friday, December 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.57, for a total transaction of $714,627.81.
• On Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $77.68, for a total transaction of $724,987.44.
• 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 value of $770,252.49.
• On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were sold at an average price of $82.66, for a total value of $771,465.78.

Urban Outfitters Trading Down 1.5%

Urban Outfitters stock traded down $1.21 during trading on Wednesday, hitting $79.56. 1,266,457 shares of the company were exchanged, compared to its average volume of 1,964,889. The company has a market capitalization of $7.13 billion, a P/E ratio of 15.01, a PEG ratio of 1.15 and a beta of 1.23. The business’s 50 day moving average is $72.16 and its 200 day moving average is $72.23. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $83.94.

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

Institutional Trading of Urban Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in Urban Outfitters during the 3rd quarter valued at about $25,000. Hollencrest Capital Management bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $26,000. Global Retirement Partners LLC boosted its position in shares of 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 acquiring an additional 282 shares during the period. Cullen Frost Bankers Inc. grew its stake in Urban Outfitters by 180.2% during 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

URBN has been the subject of several analyst reports. Citigroup increased their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price target for the company. Guggenheim initiated coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.50.

About Urban Outfitters

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.