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

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

• On Friday, January 16th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were 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 value 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 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 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.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $69.55 on Friday. The business has a 50-day simple moving average of $74.49 and a 200-day simple moving average of $72.39. 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 $6.24 billion, a PE ratio of 13.12, a P/E/G ratio of 1.09 and a beta of 1.23.

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

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in Urban Outfitters in the 3rd quarter valued at about $25,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at approximately $26,000. Richardson Financial Services Inc. increased its holdings in shares of Urban Outfitters by 90.3% in 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 period. Spire Wealth Management raised its stake in shares of Urban Outfitters by 83.3% during the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on URBN. Barclays raised their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Finally, Morgan Stanley lifted their target price on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Eight 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 company’s stock. Based on data from MarketBeat.com, Urban Outfitters 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.