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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Monday, December 15th. The stock was sold at an average price of $83.18, for a total value of $776,318.94. Following the transaction, the insider directly owned 2,309,393 shares of the company’s stock, valued at approximately $192,095,309.74. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 shares were 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 stock was sold at an average price of $76.03, for a total transaction of $709,587.99.
• On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 shares were sold at an average price of $74.94, for a total transaction 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 transaction of $702,961.56.

Urban Outfitters Stock Performance

URBN stock opened at $82.06 on Friday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94. The stock’s 50 day moving average price is $69.61 and its 200 day moving average price is $71.50. The firm has a market cap of $7.36 billion, a P/E ratio of 15.48, a PEG ratio of 1.22 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results 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 company had revenue of $1.53 billion during the quarter. On average, research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on URBN shares. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Bank of America raised their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in Urban Outfitters during the third quarter worth approximately $25,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters in the 2nd quarter worth $26,000. Global Retirement Partners LLC boosted its holdings 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 acquiring an additional 282 shares during the last quarter. Cullen Frost Bankers Inc. grew its position 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 during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Urban Outfitters by 125.1% during the second 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 last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.