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 dated Monday, December 22nd. The shares were sold at an average price of $80.38, for a total transaction of $750,186.54. Following the completion of the sale, the insider directly owned 2,262,728 shares of the company’s stock, valued at approximately $181,878,076.64. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 19th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $81.14, for a total transaction of $757,279.62.
• On Wednesday, December 17th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 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 shares were sold at an average price of $78.36, for a total value 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 value 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 transaction 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 transaction 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.

Urban Outfitters Stock Down 3.6%

URBN stock traded down $2.88 during trading on Tuesday, hitting $77.24. 1,329,637 shares of the company’s stock traded hands, compared to its average volume of 2,130,322. The firm has a market capitalization of $6.93 billion, a P/E ratio of 14.57, a PEG ratio of 1.22 and a beta of 1.20. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94. The business has a fifty day simple moving average of $70.09 and a two-hundred day simple moving average of $71.63.

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

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of URBN. Dimensional Fund Advisors LP boosted its holdings in shares of Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after acquiring an additional 142,909 shares during the last quarter. American Century Companies Inc. boosted its holdings in Urban Outfitters by 23.1% in the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares during the last quarter. Fisher Asset Management LLC grew its position in Urban Outfitters by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares during the period. Junto Capital Management LP raised its stake in shares of Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock valued at $90,571,000 after buying an additional 244,801 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after buying an additional 12,965 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Telsey Advisory Group upgraded shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $98.00 in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Bank of America upped their target price on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company raised their price target on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.