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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $78.95, for a total transaction of $736,840.35. Following the transaction, the insider owned 2,384,057 shares in the company, valued at approximately $188,221,300.15. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $73.97, for a total transaction of $690,362.01.
• 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 stock was sold at an average price of $75.32, for a total transaction of $702,961.56.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $75.69 on Friday. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $80.71. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.14 and a beta of 1.20. The firm’s 50-day moving average is $68.11 and its 200-day moving average is $70.86.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Finally, Bank of America raised their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.36.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently bought and sold shares of URBN. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Urban Outfitters during the 2nd quarter valued at $26,000. Global Retirement Partners LLC grew its stake in Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after buying an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of 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 acquiring an additional 301 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 in the last quarter. Institutional investors 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.