Margaret Hayne Sells 9,333 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $76.28, for a total value of $711,921.24. Following the transaction, the insider owned 2,225,396 shares in the company, valued at approximately $169,753,206.88. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, December 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.57, for a total value of $714,627.81.
• On Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $77.68, for a total transaction of $724,987.44.
• On Monday, December 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $80.38, for a total transaction of $750,186.54.
• On Friday, December 19th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $81.14, for a total value of $757,279.62.
• On Wednesday, December 17th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $82.53, for a total value of $770,252.49.
• On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $83.18, for a total value of $776,318.94.
• On Friday, December 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $82.66, for a total value of $771,465.78.
• On Wednesday, December 10th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $78.36, for a total transaction of $731,333.88.
• On Monday, December 8th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.03, for a total transaction of $709,587.99.
• On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.61, for a total value of $715,001.13.

Urban Outfitters Price Performance

Shares of URBN traded up $0.22 during midday trading on Wednesday, hitting $75.26. The stock had a trading volume of 1,005,558 shares, compared to its average volume of 2,110,699. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. The company has a 50 day simple moving average of $71.26 and a two-hundred day simple moving average of $71.96. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94.

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

Analyst Ratings Changes

A number of research firms recently weighed in on URBN. Telsey Advisory Group raised shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $98.00 in a research report on Wednesday, December 17th. The Goldman Sachs Group initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price on the stock. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Robert W. Baird set a $93.00 price target on Urban Outfitters in a research note on Wednesday, December 17th. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth $241,000. Raymond James Financial Inc. increased its holdings in Urban Outfitters by 879.2% in the first quarter. Raymond James Financial Inc. now owns 91,461 shares of the apparel retailer’s stock valued at $4,793,000 after purchasing an additional 82,121 shares during the period. Ieq Capital LLC increased its position in Urban Outfitters by 20.3% during the 1st quarter. Ieq Capital LLC now owns 13,235 shares of the apparel retailer’s stock valued at $694,000 after purchasing an additional 2,233 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in Urban Outfitters during the first quarter valued at $477,000. Finally, State of Wyoming increased its holdings in Urban Outfitters by 17.2% in the first quarter. State of Wyoming now owns 3,309 shares of the apparel retailer’s stock worth $173,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.