Urban Outfitters (NASDAQ:URBN) Insider Sells $731,333.88 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $78.36, for a total transaction of $731,333.88. Following the transaction, the insider directly owned 2,337,392 shares of the company’s stock, valued at $183,158,037.12. The trade was a 0.40% decrease in their ownership of the stock. The transaction 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 Monday, December 8th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.03, for a total value of $709,587.99.
• On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.61, for a total value of $715,001.13.
• On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $78.95, for a total transaction of $736,840.35.
• On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $73.97, for a total value of $690,362.01.
• On Friday, November 28th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $74.94, for a total value of $699,415.02.
• On Wednesday, November 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $75.32, for a total value of $702,961.56.

Urban Outfitters Trading Up 0.2%

NASDAQ:URBN opened at $81.84 on Friday. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.38. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20. The company has a 50-day moving average of $68.76 and a 200-day moving average of $71.23.

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 during the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. On average, research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research analyst reports. Citigroup increased their target price on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Barclays upped their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. UBS Group increased their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Urban Outfitters in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.17.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Urban Outfitters in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in shares of Urban Outfitters during the second quarter valued at $26,000. Global Retirement Partners LLC boosted its stake 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 purchasing an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Kilter Group LLC bought a new position in Urban Outfitters during the 2nd quarter valued at about $36,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.