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

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $75.64, for a total transaction of $705,948.12. Following the transaction, the insider owned 2,206,730 shares in the company, valued at $166,917,057.20. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 2nd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $74.94, for a total value of $699,415.02.
• On Monday, December 29th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.28, for a total value of $711,921.24.
• On Friday, December 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.57, for a total value of $714,627.81.
• On Wednesday, December 24th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $77.68, for a total transaction 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 transaction 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 value of $770,252.49.
• On Monday, December 15th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $83.18, for a total value of $776,318.94.
• On Friday, December 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 transaction of $731,333.88.

Urban Outfitters Price Performance

NASDAQ URBN traded up $1.38 during mid-day trading on Monday, reaching $76.72. The stock had a trading volume of 2,668,668 shares, compared to its average volume of 2,127,884. The stock has a market cap of $6.88 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94. The company has a fifty day moving average price of $71.71 and a 200 day moving average price of $72.08.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The business had revenue of $1.53 billion during the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Urban Outfitters by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock valued at $157,000 after buying an additional 154 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Urban Outfitters in the third quarter valued at $430,000. Cambria Investment Management L.P. increased its position in Urban Outfitters by 15.3% in the third quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock worth $1,121,000 after purchasing an additional 2,088 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Urban Outfitters during the third quarter valued at $466,000. Finally, Danske Bank A S bought a new position in Urban Outfitters during the third quarter valued at $4,032,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective on the stock. Barclays boosted their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Telsey Advisory Group upgraded Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $85.00 to $98.00 in a research report on Wednesday, December 17th. Finally, Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, December 29th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

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.