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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the transaction, the insider directly owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 19th, Margaret Hayne sold 2,185 shares of Urban Outfitters stock. The stock was sold at an average price of $70.10, for a total transaction of $153,168.50.
• On Tuesday, February 10th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.13, for a total transaction of $663,856.29.
• On Wednesday, February 4th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $73.43, for a total transaction of $685,322.19.
• On Monday, February 2nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.36, for a total transaction of $666,002.88.
• On Friday, January 30th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.34, for a total transaction of $656,483.22.
• On Thursday, January 29th, Margaret Hayne sold 8,750 shares of Urban Outfitters stock. The stock was sold at an average price of $70.03, for a total value of $612,762.50.
• On Wednesday, January 28th, Margaret Hayne sold 2,890 shares of Urban Outfitters stock. The shares were sold at an average price of $70.05, for a total value of $202,444.50.
• On Tuesday, January 27th, Margaret Hayne sold 1,814 shares of Urban Outfitters stock. The shares were sold at an average price of $70.00, for a total value of $126,980.00.
• On Thursday, January 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $71.17, for a total value of $664,229.61.
• On Tuesday, January 20th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $70.46, for a total value of $657,603.18.

Urban Outfitters Stock Performance

URBN traded down $2.45 during trading hours on Monday, reaching $65.90. The company’s stock had a trading volume of 1,617,188 shares, compared to its average volume of 1,548,534. The company’s 50-day moving average is $73.86 and its 200-day moving average is $71.80. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The firm has a market cap of $5.91 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on URBN. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. Finally, Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a report on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after purchasing an additional 13,554 shares during the last quarter. CWM LLC raised its holdings in shares of Urban Outfitters by 22.6% during the 2nd quarter. CWM LLC now owns 5,698 shares of the apparel retailer’s stock worth $413,000 after buying an additional 1,052 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after buying an additional 301 shares during the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Urban Outfitters during the 2nd quarter worth $259,000. 77.61% of the stock is 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.