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 company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $82.53, for a total transaction of $770,252.49. Following the sale, the insider directly owned 2,290,727 shares of the company’s stock, valued at $189,053,699.31. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction 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 transaction of $771,465.78.
• On Wednesday, December 10th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were sold at an average price of $76.61, for a total transaction of $715,001.13.
• On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 shares were 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 value of $702,961.56.

Urban Outfitters Trading Down 0.9%

NASDAQ:URBN traded down $0.73 on Friday, hitting $81.33. 2,195,964 shares of the company’s stock traded hands, compared to its average volume of 2,136,542. The company has a market cap of $7.29 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94. The firm has a 50-day moving average price of $69.61 and a 200-day moving average price of $71.50.

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

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its position in Urban Outfitters by 11.7% in the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 140 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Urban Outfitters by 1.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 164 shares during the period. Diversified Trust Co raised its holdings in shares of Urban Outfitters by 0.9% in the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock worth $1,429,000 after buying an additional 185 shares in the last quarter. Maryland State Retirement & Pension System lifted its position 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 worth $1,205,000 after buying an additional 198 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Urban Outfitters by 32.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock valued at $70,000 after buying an additional 237 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on URBN shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Morgan Stanley increased their target price 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. The Goldman Sachs Group assumed coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Outfitters in a report on Monday, December 8th. Finally, Telsey Advisory Group raised Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $98.00 in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and an average target price of $86.50.

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.