Urban Outfitters (NASDAQ:URBN) Insider Sells $685,322.19 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $73.43, for a total transaction of $685,322.19. Following the transaction, the insider directly owned 2,025,282 shares in the company, valued at $148,716,457.26. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, February 2nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.36, for a total value of $666,002.88.
• On Friday, January 30th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $70.34, for a total value of $656,483.22.
• On Thursday, January 29th, Margaret Hayne sold 8,750 shares of Urban Outfitters stock. The stock was sold at an average price of $70.03, for a total value of $612,762.50.
• On Wednesday, January 28th, Margaret Hayne sold 2,890 shares of Urban Outfitters stock. The shares were sold at an average price of $70.05, for a total value of $202,444.50.
• On Tuesday, January 27th, Margaret Hayne sold 1,814 shares of Urban Outfitters stock. The stock was sold at an average price of $70.00, for a total value of $126,980.00.
• On Thursday, January 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.17, for a total value of $664,229.61.
• On Tuesday, January 20th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $70.46, for a total transaction 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 transaction 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 stock was sold at an average price of $74.35, for a total transaction of $693,908.55.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $72.47 on Monday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. The company’s 50 day simple moving average is $75.51 and its 200 day simple moving average is $72.28.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share 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. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

URBN has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Citigroup raised their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.67.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the third quarter worth $25,000. Hollencrest Capital Management bought a new position in Urban Outfitters during the 2nd quarter worth $26,000. Salomon & Ludwin LLC lifted its holdings in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares during the period. Global Retirement Partners LLC grew its position in shares of Urban Outfitters by 158.4% in the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Urban Outfitters by 83.3% in the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares during the period. 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.