Insider Selling: Urban Outfitters (NASDAQ:URBN) Insider Sells 2,185 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 2,185 shares of Urban Outfitters stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $70.10, for a total value of $153,168.50. Following the sale, the insider directly owned 1,943,192 shares in the company, valued at approximately $136,217,759.20. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, February 20th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $70.50, for a total value of $657,976.50.
• 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 value of $663,856.29.
• 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 value 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 value 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 value 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 stock was 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 shares were sold at an average price of $70.00, for a total transaction 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 transaction 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 transaction of $657,603.18.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock traded down $2.45 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 52 week low of $41.89 and a 52 week high of $84.35. The company has a market cap of $5.91 billion, a PE ratio of 12.43, a PEG ratio of 0.95 and a beta of 1.24. The business has a 50-day simple moving average of $73.86 and a 200-day simple moving average of $71.80.

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

Analyst Upgrades and Downgrades

URBN has been the subject of several research reports. UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a report on Thursday. Robert W. Baird set a $93.00 price objective on shares of Urban Outfitters in a research report on Wednesday, December 17th. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Barclays increased their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.67.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Urban Outfitters during the 3rd quarter valued at $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Urban Outfitters in the fourth quarter worth $27,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters during the second quarter valued at $26,000. Brown Brothers Harriman & Co. grew its holdings in shares of Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 326 shares in the last quarter. Finally, Salomon & Ludwin LLC raised 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 buying an additional 149 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.