Urban Outfitters (NASDAQ:URBN) Insider Sells $664,229.61 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total value of $664,229.61. Following the completion of the transaction, the insider directly owned 2,076,068 shares in the company, valued at $147,753,759.56. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 20th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.46, for a total value of $657,603.18.
• On Friday, January 16th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.20, for a total value 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 value of $666,189.54.
• On Monday, January 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 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 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 shares were sold at an average price of $76.28, for a total transaction of $711,921.24.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $69.61 on Thursday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The company has a market capitalization of $6.24 billion, a PE ratio of 13.13, a P/E/G ratio of 1.06 and a beta of 1.23. The business has a 50-day moving average of $75.14 and a 200-day moving average of $72.32.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URBN. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research note on Wednesday, December 17th. Guggenheim began coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Citigroup increased their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a research note on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $86.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of URBN. Jupiter Asset Management Ltd. boosted its holdings in shares of Urban Outfitters by 900.1% in the 3rd 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 during the period. Capital World Investors acquired a new stake in Urban Outfitters during the third quarter worth about $60,795,000. Norges Bank bought a new position in Urban Outfitters in the second quarter worth about $55,429,000. Balyasny Asset Management L.P. boosted its stake in Urban Outfitters by 5,360.2% in the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after acquiring an additional 606,831 shares during the period. Finally, American Century Companies Inc. boosted its stake in Urban Outfitters by 23.1% in the third 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 institutional investors.

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.