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 business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $73.43, for a total transaction of $685,322.19. Following the transaction, the insider directly owned 2,025,282 shares in the company, valued at $148,716,457.26. This trade represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 stock was 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $71.38, for a total value of $666,189.54.
• On Monday, January 12th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $74.35, for a total value of $693,908.55.

Urban Outfitters Trading Up 1.8%

URBN stock traded up $1.31 during midday trading on Friday, hitting $72.47. The stock had a trading volume of 764,476 shares, compared to its average volume of 1,675,359. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The stock has a 50-day simple moving average of $75.54 and a 200 day simple moving average of $72.35. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.02 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last announced 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 net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion for the quarter. On average, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. grew its holdings in shares of Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after purchasing an additional 873,008 shares during the last quarter. Capital World Investors acquired a new position in Urban Outfitters during the 3rd quarter worth about $60,795,000. Norges Bank bought a new stake in Urban Outfitters during the 2nd quarter worth about $55,429,000. Balyasny Asset Management L.P. grew its holdings in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after acquiring an additional 606,831 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Urban Outfitters by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after acquiring an additional 540,877 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of analyst reports. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. The Goldman Sachs Group initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.67.

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.