Insider Selling: Urban Outfitters (NASDAQ:URBN) Insider Sells $690,362.01 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $73.97, for a total transaction of $690,362.01. Following the sale, the insider owned 2,402,723 shares of the company’s stock, valued at approximately $177,729,420.31. This represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 28th, 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, November 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $75.32, for a total transaction of $702,961.56.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock traded up $0.83 on Wednesday, hitting $79.19. 2,192,300 shares of the company’s stock traded hands, compared to its average volume of 2,148,208. The firm’s 50-day moving average price is $67.80 and its two-hundred day moving average price is $70.67. The stock has a market capitalization of $7.10 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. On average, analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on URBN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday. Wall Street Zen lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 27th. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley upped their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in shares of Urban Outfitters during the third quarter worth $25,000. Hollencrest Capital Management acquired a new position in Urban Outfitters in the 2nd quarter worth $26,000. Global Retirement Partners LLC increased its holdings in Urban Outfitters by 158.4% during 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 in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.