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 on Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total value of $657,603.18. Following the transaction, the insider owned 2,094,734 shares of the company’s stock, valued at $147,594,957.64. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 16th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.20, for a total transaction of $655,176.60.
• On Wednesday, January 14th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $71.38, for a total transaction of $666,189.54.
• On Monday, January 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $74.35, for a total value of $693,908.55.
• On Friday, January 9th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $81.82, for a total value of $763,626.06.
• On Wednesday, January 7th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $79.71, for a total value of $743,933.43.
• On Monday, January 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.57, for a total value of $714,627.81.
• 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 stock was sold at an average price of $75.64, for a total value 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.

Urban Outfitters Stock Performance

Shares of URBN traded down $2.31 during mid-day trading on Thursday, hitting $69.55. 1,199,942 shares of the company traded hands, compared to its average volume of 2,085,824. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.06 and a beta of 1.23. The stock has a 50-day moving average price of $74.37 and a two-hundred day moving average price of $72.41. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports 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 restated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. Finally, Morgan Stanley boosted their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average price target of $86.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new position in shares of Urban Outfitters in the third quarter worth $25,000. Hollencrest Capital Management purchased a new stake in shares of Urban Outfitters in the second quarter worth about $26,000. Global Retirement Partners LLC boosted its stake in Urban Outfitters by 158.4% during 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. Spire Wealth Management increased its stake in Urban Outfitters by 83.3% in the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in shares of Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 205 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.