Insider Selling: Urban Outfitters (NASDAQ:URBN) Insider Sells $666,002.88 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $71.36, for a total value of $666,002.88. Following the sale, the insider owned 2,043,948 shares in the company, valued at $145,856,129.28. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, February 4th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $73.43, for a total value of $685,322.19.
• 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 value of $656,483.22.
• On Thursday, January 29th, Margaret Hayne sold 8,750 shares of Urban Outfitters stock. The stock was sold at an average price of $70.03, for a total transaction of $612,762.50.
• 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 shares were sold at an average price of $71.17, for a total transaction 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 transaction 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 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 value of $693,908.55.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $72.47 on Friday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The business’s fifty day moving average price is $75.51 and its two-hundred day moving average price is $72.34. The company has a market capitalization of $6.50 billion, a P/E ratio of 13.67, a PEG ratio of 0.99 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The company 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%. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Guggenheim initiated coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. The Goldman Sachs Group assumed coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price for the company. Finally, Robert W. Baird set a $93.00 target price on Urban Outfitters in a report on Wednesday, December 17th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.67.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legato Capital Management LLC purchased a new stake in shares of Urban Outfitters during the fourth quarter valued at $1,059,000. Global Retirement Partners LLC lifted its stake in Urban Outfitters by 452.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,540 shares of the apparel retailer’s stock valued at $191,000 after buying an additional 2,080 shares in the last quarter. Mach 1 Financial Group LLC acquired a new position in shares of Urban Outfitters in the fourth quarter worth about $378,000. Leonteq Securities AG purchased a new position in shares of Urban Outfitters in the fourth quarter worth approximately $152,000. Finally, ProShare Advisors LLC raised its holdings in shares of Urban Outfitters by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 11,794 shares of the apparel retailer’s stock valued at $888,000 after acquiring an additional 386 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

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.