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 firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total value of $663,856.29. Following the transaction, the insider owned 1,987,950 shares in the company, valued at $141,402,883.50. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, February 4th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $73.43, for a total transaction of $685,322.19.
• On Monday, February 2nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $71.36, for a total transaction of $666,002.88.
• On Friday, January 30th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.34, for a total transaction of $656,483.22.
• On Thursday, January 29th, Margaret Hayne sold 8,750 shares of Urban Outfitters stock. The stock was sold at an average price of $70.03, for a total transaction of $612,762.50.
• On Wednesday, January 28th, Margaret Hayne sold 2,890 shares of Urban Outfitters stock. The shares were sold at an average price of $70.05, for a total transaction of $202,444.50.
• On Tuesday, January 27th, Margaret Hayne sold 1,814 shares of Urban Outfitters stock. The stock was sold at an average price of $70.00, for a total value of $126,980.00.
• On Thursday, January 22nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.17, for a total value of $664,229.61.
• On Tuesday, January 20th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $70.46, for a total value of $657,603.18.
• On Friday, January 16th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $70.20, for a total value of $655,176.60.
• On Wednesday, January 14th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.38, for a total transaction of $666,189.54.

Urban Outfitters Trading Down 3.2%

Shares of NASDAQ URBN traded down $2.26 during midday trading on Thursday, reaching $68.26. The company’s stock had a trading volume of 1,232,917 shares, compared to its average volume of 1,590,773. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $84.35. The company has a 50 day moving average price of $75.04 and a 200 day moving average price of $72.21.

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 return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion for the quarter. Research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp purchased a new stake in Urban Outfitters in the 4th quarter worth approximately $305,000. Renaissance Technologies LLC raised its holdings in shares of Urban Outfitters by 68.0% during the fourth quarter. Renaissance Technologies LLC now owns 496,500 shares of the apparel retailer’s stock worth $37,367,000 after acquiring an additional 201,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Urban Outfitters by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,975,316 shares of the apparel retailer’s stock worth $299,183,000 after acquiring an additional 299,380 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Urban Outfitters during the fourth quarter valued at $779,000. Finally, EntryPoint Capital LLC purchased a new position in Urban Outfitters in the fourth quarter valued at about $306,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on URBN. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Guggenheim began coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, Barclays lifted their price objective on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $86.67.

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.