Urban Outfitters (NASDAQ:URBN) Insider Margaret Hayne 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 dated Friday, January 16th. The shares were sold at an average price of $70.20, for a total transaction of $655,176.60. Following the completion of the sale, the insider owned 2,104,067 shares in the company, valued at $147,705,503.40. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 14th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 stock was 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 transaction 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 transaction of $743,933.43.
• On Monday, January 5th, 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 Friday, January 2nd, 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, 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 transaction 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 value of $714,627.81.
• On Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $77.68, for a total value of $724,987.44.

Urban Outfitters Stock Up 1.2%

Shares of NASDAQ:URBN opened at $70.29 on Wednesday. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.05 and a beta of 1.23. The business has a 50-day moving average price of $74.19 and a 200-day moving average price of $72.41.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on URBN. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Guggenheim began coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Citigroup raised their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley raised their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Hedge Funds Weigh In On Urban Outfitters

Large investors have recently added to or reduced their stakes in the stock. Broad Peak Investment Advisers Pte Ltd purchased a new position in Urban Outfitters in the 3rd quarter valued at about $5,917,000. Oak Harvest Investment Services raised its holdings in shares of Urban Outfitters by 203.1% during the third quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock valued at $2,165,000 after acquiring an additional 20,313 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Urban Outfitters by 134.9% during the second quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after acquiring an additional 11,894 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Urban Outfitters in the second quarter valued at approximately $7,036,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Urban Outfitters by 137.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 221,655 shares of the apparel retailer’s stock worth $16,312,000 after acquiring an additional 128,249 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.