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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $83.18, for a total value of $776,318.94. Following the completion of the sale, the insider directly owned 2,309,393 shares in the company, valued at $192,095,309.74. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value 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 shares were 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 stock was 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 stock was 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 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 URBN stock opened at $81.62 on Thursday. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $83.94. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.23 and a beta of 1.20. The firm’s 50-day moving average is $69.37 and its 200-day moving average is $71.42.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share 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 for the quarter. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on URBN shares. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a report on Wednesday. Citigroup increased their price target on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upped their target price on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Barclays increased their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Institutional Trading of Urban Outfitters

Institutional investors have recently modified their holdings of the business. IFP Advisors Inc acquired a new stake in Urban Outfitters during the third quarter worth approximately $430,000. Cambria Investment Management L.P. increased its stake in shares of Urban Outfitters by 15.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock valued at $1,121,000 after acquiring an additional 2,088 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Urban Outfitters during the 3rd quarter valued at $466,000. Danske Bank A S bought a new position in Urban Outfitters during the third quarter worth $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Urban Outfitters by 11.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer’s stock worth $6,036,000 after acquiring an additional 9,000 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.