Urban Outfitters (NASDAQ:URBN) Insider Sells $655,176.60 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $70.20, for a total transaction of $655,176.60. Following the completion of the sale, the insider directly owned 2,104,067 shares of the company’s stock, valued at approximately $147,705,503.40. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 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 stock was 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 value 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.
• On Wednesday, December 31st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $75.64, for a total transaction of $705,948.12.
• On Monday, December 29th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.28, for a total transaction of $711,921.24.
• 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 transaction of $714,627.81.

Urban Outfitters Stock Performance

URBN opened at $69.55 on Friday. The company has a fifty day moving average price of $74.49 and a two-hundred day moving average price of $72.39. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The firm has a market capitalization of $6.24 billion, a PE ratio of 13.12, a P/E/G ratio of 1.09 and a beta of 1.23.

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

Analyst Ratings Changes

A number of brokerages have recently commented on URBN. Citigroup upped their price target on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Morgan Stanley lifted their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, Wall Street Zen raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $86.67.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 purchasing an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 buying an additional 13,554 shares during the last quarter. Strs Ohio bought a new stake in Urban Outfitters in the 1st quarter valued at approximately $461,000. Wealth Enhancement Advisory Services LLC boosted its position in Urban Outfitters by 5.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,968 shares of the apparel retailer’s stock worth $586,000 after acquiring an additional 395 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Urban Outfitters by 0.9% during the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock worth $1,429,000 after acquiring an additional 185 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.