Urban Outfitters (NASDAQ:URBN) Insider Sells $714,627.81 in Stock

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

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

• On Wednesday, January 7th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $79.71, for a total value of $743,933.43.
• 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 value 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 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 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 transaction 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.

Urban Outfitters Trading Down 0.2%

Shares of URBN opened at $81.56 on Friday. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The firm has a market capitalization of $7.31 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The stock’s fifty day simple moving average is $73.08 and its 200 day simple moving average is $72.45.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly 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 return on equity of 18.33% and a net margin of 8.15%. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on URBN. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research report on Wednesday, December 17th. UBS Group upped their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. raised its position in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after purchasing an additional 873,008 shares in the last quarter. Capital World Investors acquired a new stake in Urban Outfitters in the third quarter valued at $60,795,000. Norges Bank acquired a new stake in Urban Outfitters in the second quarter valued at $55,429,000. Balyasny Asset Management L.P. boosted its stake in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after acquiring an additional 606,831 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after acquiring an additional 540,877 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.