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 Urban Outfitters stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $78.95, for a total value of $736,840.35. Following the completion of the transaction, the insider directly owned 2,384,057 shares in the company, valued at $188,221,300.15. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 stock was 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 shares were sold at an average price of $75.32, for a total transaction of $702,961.56.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded down $0.03 during mid-day trading on Friday, hitting $75.69. The stock had a trading volume of 1,563,514 shares, compared to its average volume of 2,146,905. The company’s 50 day moving average is $68.05 and its 200-day moving average is $70.76. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $80.71. The company has a market cap of $6.79 billion, a PE ratio of 14.28, a P/E/G ratio of 1.19 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 for the quarter, topping the consensus estimate of $1.19 by $0.09. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

URBN has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on 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 upped their target price on Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Outfitters in a research report on Monday. Citigroup raised their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 27th. 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.36.

Institutional Investors Weigh In On Urban Outfitters

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in Urban Outfitters in the first quarter valued at approximately $241,000. Natixis Advisors LLC raised its holdings in shares of Urban Outfitters by 55.3% during the 1st quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer’s stock valued at $1,256,000 after purchasing an additional 8,542 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Urban Outfitters by 134.9% during the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after purchasing an additional 11,894 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Urban Outfitters in the 1st quarter valued at $1,253,000. Finally, FORA Capital LLC boosted its holdings in Urban Outfitters by 88.9% in the first quarter. FORA Capital LLC now owns 8,566 shares of the apparel retailer’s stock worth $449,000 after purchasing an additional 4,032 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

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.