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 company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total transaction of $664,229.61. Following the transaction, the insider owned 2,076,068 shares in the company, valued at $147,753,759.56. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 20th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.46, for a total value of $657,603.18.
• 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 value 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 shares were 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 shares were 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.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $68.95 on Tuesday. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $84.35. The company has a market cap of $6.18 billion, a PE ratio of 13.01, a PEG ratio of 1.02 and a beta of 1.23. The firm has a 50-day moving average of $74.77 and a 200-day moving average of $72.36.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on URBN shares. Robert W. Baird set a $93.00 price objective on Urban Outfitters in a research note on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Barclays lifted their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.67.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently modified their holdings of the stock. Jupiter Asset Management Ltd. raised its holdings 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 worth $69,287,000 after purchasing an additional 873,008 shares during the period. Capital World Investors purchased a new stake in Urban Outfitters in the third quarter worth $60,795,000. Norges Bank bought a new stake in shares of Urban Outfitters in the second quarter valued at $55,429,000. Balyasny Asset Management L.P. lifted its position in shares of 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 buying an additional 606,831 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of 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 valued at $205,654,000 after buying an additional 540,877 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.