Urban Outfitters (NASDAQ:URBN) Insider Margaret Hayne Sells 8,750 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 8,750 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $70.03, for a total value of $612,762.50. Following the completion of the sale, the insider owned 2,062,614 shares of the company’s stock, valued at approximately $144,444,858.42. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, January 30th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $70.34, for a total transaction of $656,483.22.
• On Wednesday, January 28th, Margaret Hayne sold 2,890 shares of Urban Outfitters stock. The stock was sold at an average price of $70.05, for a total transaction of $202,444.50.
• On Tuesday, January 27th, Margaret Hayne sold 1,814 shares of Urban Outfitters stock. The shares were sold at an average price of $70.00, for a total transaction of $126,980.00.
• On Thursday, January 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $71.17, for a total value of $664,229.61.
• 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 stock was 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 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 transaction of $693,908.55.
• On Friday, January 9th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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.

Urban Outfitters Stock Up 2.5%

NASDAQ URBN traded up $1.75 during midday trading on Monday, hitting $72.60. The company had a trading volume of 1,421,299 shares, compared to its average volume of 1,795,149. The firm has a fifty day simple moving average of $75.45 and a two-hundred day simple moving average of $72.33. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.07 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The business had revenue of $1.53 billion for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in URBN. Root Financial Partners LLC bought a new stake in Urban Outfitters during the 3rd quarter worth about $25,000. Hollencrest Capital Management bought a new stake in shares of Urban Outfitters during the second quarter valued at approximately $26,000. Salomon & Ludwin LLC increased its holdings in shares of Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. Global Retirement Partners LLC raised its position in Urban Outfitters by 158.4% in the 3rd 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 last quarter. Finally, Spire Wealth Management raised its position in Urban Outfitters by 83.3% in the 4th 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. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on URBN. JPMorgan Chase & Co. dropped 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 note on Tuesday, January 20th. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Guggenheim began coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.