Urban Outfitters (NASDAQ:URBN) Insider Margaret Hayne Sells 2,890 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 2,890 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $70.05, for a total transaction of $202,444.50. Following the sale, the insider directly owned 2,071,364 shares of the company’s stock, valued at approximately $145,099,048.20. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, January 27th, Margaret Hayne sold 1,814 shares of Urban Outfitters stock. The stock was 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 stock was 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 stock was sold at an average price of $74.35, for a total value 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 value of $763,626.06.
• On Wednesday, January 7th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $79.71, for a total value of $743,933.43.
• On Monday, January 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were sold at an average price of $74.94, for a total transaction of $699,415.02.

Urban Outfitters Stock Performance

Shares of URBN traded up $0.36 during mid-day trading on Thursday, reaching $69.97. The stock had a trading volume of 926,084 shares, compared to its average volume of 1,850,964. The business has a fifty day moving average of $75.14 and a 200 day moving average of $72.32. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.06 and a beta of 1.23. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35.

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

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Urban Outfitters by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after acquiring an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after purchasing an additional 13,554 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Urban Outfitters by 5.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,968 shares of the apparel retailer’s stock valued at $586,000 after purchasing an additional 395 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 80.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,840 shares of the apparel retailer’s stock worth $133,000 after purchasing an additional 818 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Urban Outfitters by 7.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 33,650 shares of the apparel retailer’s stock valued at $2,440,000 after purchasing an additional 2,460 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on URBN shares. Citigroup increased their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Guggenheim assumed coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Finally, Barclays raised their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Eight 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.