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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $76.57, for a total value of $714,627.81. Following the completion of the sale, the insider owned 2,234,729 shares in the company, valued at approximately $171,113,199.53. This represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $77.68, for a total value of $724,987.44.
• On Monday, December 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $80.38, for a total value of $750,186.54.
• On Friday, December 19th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $81.14, for a total value of $757,279.62.
• On Wednesday, December 17th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $82.53, for a total transaction of $770,252.49.
• On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 stock was 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 shares were sold at an average price of $78.36, for a total value 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 value 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 value of $715,001.13.
• 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.

Urban Outfitters Price Performance

Urban Outfitters stock traded down $0.62 during midday trading on Monday, reaching $76.43. The company had a trading volume of 1,346,013 shares, compared to its average volume of 2,117,506. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $83.94. The company has a market capitalization of $6.85 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.16 and a beta of 1.20. The firm’s fifty day simple moving average is $70.92 and its 200-day simple moving average is $71.86.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. 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 during the quarter. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in Urban Outfitters in the 1st quarter worth $241,000. Raymond James Financial Inc. lifted its stake in shares of Urban Outfitters by 879.2% in the first quarter. Raymond James Financial Inc. now owns 91,461 shares of the apparel retailer’s stock worth $4,793,000 after acquiring an additional 82,121 shares in the last quarter. Ieq Capital LLC boosted its holdings in Urban Outfitters by 20.3% in the first quarter. Ieq Capital LLC now owns 13,235 shares of the apparel retailer’s stock valued at $694,000 after purchasing an additional 2,233 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Urban Outfitters during the 1st quarter valued at approximately $477,000. Finally, State of Wyoming increased its holdings in Urban Outfitters by 17.2% during the 1st quarter. State of Wyoming now owns 3,309 shares of the apparel retailer’s stock worth $173,000 after purchasing an additional 486 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Robert W. Baird set a $93.00 price objective on Urban Outfitters in a report on Wednesday, December 17th. Guggenheim initiated coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Barclays increased their price objective on Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

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.