Urban Outfitters (NASDAQ:URBN) Insider Margaret Hayne Sells 9,333 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $70.20, for a total value of $655,176.60. Following the completion of the transaction, the insider owned 2,104,067 shares of the company’s stock, valued at $147,705,503.40. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 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 shares were 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 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 stock was 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 value of $705,948.12.
• On Monday, December 29th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were 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 stock was sold at an average price of $77.68, for a total value of $724,987.44.

Urban Outfitters Stock Up 1.2%

NASDAQ URBN traded up $0.81 during trading on Tuesday, hitting $70.29. The stock had a trading volume of 1,535,225 shares, compared to its average volume of 2,186,994. The company has a market capitalization of $6.30 billion, a PE ratio of 13.26, a PEG ratio of 1.05 and a beta of 1.23. The firm has a 50 day moving average price of $74.01 and a 200 day moving average price of $72.44. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35.

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Guggenheim began coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a research note on Wednesday, December 17th. Barclays lifted their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after buying an additional 142,909 shares during the period. American Century Companies Inc. raised its stake 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 worth $205,654,000 after buying an additional 540,877 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock valued at $131,997,000 after buying an additional 50,837 shares during the period. Geode Capital Management LLC boosted its stake in shares of Urban Outfitters by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after buying an additional 12,965 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Urban Outfitters by 59.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after buying an additional 477,909 shares in the last quarter. 77.61% of the stock is 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.