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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $76.57, for a total value of $714,627.81. Following the completion of the transaction, the insider directly owned 2,188,064 shares of the company’s stock, valued at $167,540,060.48. This represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction of $714,627.81.
• On Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $77.68, for a total transaction of $724,987.44.
• On Monday, December 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $80.38, for a total value of $750,186.54.
• On Friday, December 19th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $81.14, for a total value of $757,279.62.
• On Wednesday, December 17th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $82.53, for a total value of $770,252.49.
• On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $83.18, for a total value of $776,318.94.
• On Friday, December 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $82.66, for a total value of $771,465.78.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $81.72 on Friday. The business has a fifty day moving average price of $72.74 and a 200-day moving average price of $72.34. The company has a market capitalization of $7.33 billion, a PE ratio of 15.42, a PEG ratio of 1.20 and a beta of 1.23. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced 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 company 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 fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. increased its holdings in Urban Outfitters by 900.1% in the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after buying an additional 873,008 shares in the last quarter. Capital World Investors purchased a new stake in shares of Urban Outfitters during the third quarter worth $60,795,000. Norges Bank purchased a new position in Urban Outfitters in the second quarter worth approximately $55,429,000. Balyasny Asset Management L.P. raised 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 worth $44,155,000 after acquiring an additional 606,831 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Urban Outfitters by 23.1% in 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 acquiring an additional 540,877 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup boosted their price target on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. UBS Group upped their price objective on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Morgan Stanley lifted their target price on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Finally, Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.50.

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.