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 the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $76.28, for a total transaction of $711,921.24. Following the transaction, the insider directly owned 2,225,396 shares of the company’s stock, valued at $169,753,206.88. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were 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 shares were 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 stock was 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 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 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 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 shares were sold at an average price of $76.61, for a total value of $715,001.13.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $75.26 on Friday. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.13 and a beta of 1.23. The firm’s 50 day simple moving average is $71.56 and its 200-day simple moving average is $72.01. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $83.94.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. The firm 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%. Analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

URBN has been the subject of several recent analyst reports. Telsey Advisory Group upgraded Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $98.00 in a research note on Wednesday, December 17th. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. UBS Group upped their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Barclays lifted their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Robert W. Baird set a $93.00 price objective on shares of Urban Outfitters in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in URBN. Root Financial Partners LLC acquired a new stake in Urban Outfitters during the 3rd quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of Urban Outfitters in the second quarter valued at about $26,000. Global Retirement Partners LLC lifted its stake 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 worth $33,000 after buying an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. boosted 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 worth $34,000 after acquiring an additional 301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 274 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

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.