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 company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $715,001.13. Following the sale, the insider owned 2,365,391 shares of the company’s stock, valued at $181,212,604.51. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 8th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.03, for a total value of $709,587.99.
• On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $78.95, for a total value of $736,840.35.
• On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $73.97, for a total value 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 value 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 Price Performance

NASDAQ:URBN opened at $76.89 on Wednesday. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $80.71. The company has a fifty day moving average price of $68.29 and a 200 day moving average price of $71.06. The stock has a market cap of $6.90 billion, a P/E ratio of 14.51, a PEG ratio of 1.15 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data 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 company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Trading of Urban Outfitters

A number of large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in Urban Outfitters by 11.7% during the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 140 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Urban Outfitters by 1.6% during the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock worth $749,000 after purchasing an additional 164 shares during the period. Diversified Trust Co lifted its holdings in shares of Urban Outfitters by 0.9% during the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock valued at $1,429,000 after purchasing an additional 185 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Urban Outfitters by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock valued at $1,205,000 after purchasing an additional 198 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Urban Outfitters by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer’s stock valued at $1,011,000 after purchasing an additional 228 shares during the period. Institutional investors own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

URBN has been the subject of several recent research reports. Guggenheim initiated coverage on Urban Outfitters in a report on Tuesday. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Morgan Stanley upped their target price on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, UBS Group boosted their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.17.

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.