Urban Outfitters (NASDAQ:URBN) Insider Sells $657,603.18 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total value of $657,603.18. Following the sale, the insider directly owned 2,094,734 shares of the company’s stock, valued at approximately $147,594,957.64. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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.
• 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 stock was 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 stock was 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 value 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 value of $705,948.12.
• On Monday, December 29th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 stock was sold at an average price of $76.57, for a total value of $714,627.81.

Urban Outfitters Stock Performance

Shares of URBN opened at $67.39 on Friday. The business has a 50-day moving average of $74.61 and a 200 day moving average of $72.38. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The firm has a market cap of $6.04 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The business 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%. As a group, research 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Urban Outfitters in the 3rd quarter worth about $25,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters during the second quarter worth about $26,000. Richardson Financial Services Inc. grew its holdings in shares of Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 205 shares in the last quarter. Spire Wealth Management increased its position 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 worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Urban Outfitters by 158.4% in the third 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. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on URBN shares. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. UBS Group reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. The Goldman Sachs Group began coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $86.67.

About Urban Outfitters

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.