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 on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the completion of the sale, the insider owned 1,933,859 shares in the company, valued at $136,337,059.50. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 19th, Margaret Hayne sold 2,185 shares of Urban Outfitters stock. The shares were sold at an average price of $70.10, for a total value of $153,168.50.
• On Tuesday, February 10th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $71.13, for a total transaction of $663,856.29.
• On Wednesday, February 4th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 shares were 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 stock was sold at an average price of $70.05, for a total value 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.

Urban Outfitters Stock Performance

URBN traded down $2.45 during midday trading on Monday, hitting $65.90. The company had a trading volume of 1,617,188 shares, compared to its average volume of 1,548,534. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company has a market capitalization of $5.91 billion, a PE ratio of 12.43, a P/E/G ratio of 0.95 and a beta of 1.24. The firm’s 50-day simple moving average is $73.86 and its 200-day simple moving average is $71.80.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The business had revenue of $1.53 billion for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on URBN. Citigroup lifted their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday. Robert W. Baird set a $93.00 target price on Urban Outfitters in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group began coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in Urban Outfitters during the 3rd quarter worth about $25,000. Hollencrest Capital Management acquired a new stake in shares of Urban Outfitters in the second quarter valued at about $26,000. Eurizon Capital SGR S.p.A. bought a new stake in Urban Outfitters during the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. raised its holdings in Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 326 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its position in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

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.