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 Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total value of $657,603.18. Following the completion of the sale, the insider directly owned 2,094,734 shares of the company’s stock, valued at $147,594,957.64. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, January 16th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.20, for a total value of $655,176.60.
• On Wednesday, January 14th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were 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 stock was sold at an average price of $81.82, for a total value 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 value 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 value 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 shares were 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.

Urban Outfitters Stock Down 3.1%

Shares of URBN stock opened at $67.39 on Friday. The firm’s 50 day moving average price is $74.61 and its two-hundred day moving average price is $72.37. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Urban Outfitters by 53.6% in the 4th quarter. Farther Finance Advisors LLC now owns 843 shares of the apparel retailer’s stock valued at $63,000 after acquiring an additional 294 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Urban Outfitters by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 27,408 shares of the apparel retailer’s stock worth $2,062,000 after purchasing an additional 344 shares during the last quarter. Burney Co. boosted its holdings in Urban Outfitters by 29.4% in the fourth quarter. Burney Co. now owns 6,446 shares of the apparel retailer’s stock worth $485,000 after purchasing an additional 1,465 shares during the period. Choreo LLC increased its stake in Urban Outfitters by 26.7% during the fourth quarter. Choreo LLC now owns 4,216 shares of the apparel retailer’s stock valued at $316,000 after purchasing an additional 889 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its stake in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on URBN. Morgan Stanley lifted their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Guggenheim initiated coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Barclays lifted their price objective on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Eight equities research 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, the stock has an average rating of “Hold” and a consensus price target of $86.67.

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.