Urban Outfitters (NASDAQ:URBN) Insider Sells $702,961.56 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $75.32, for a total transaction of $702,961.56. Following the transaction, the insider directly owned 2,421,389 shares in the company, valued at $182,379,019.48. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 stock was sold at an average price of $74.94, for a total transaction of $699,415.02.

Urban Outfitters Stock Up 1.1%

URBN stock opened at $79.19 on Thursday. The firm has a market cap of $7.10 billion, a PE ratio of 14.94, a P/E/G ratio of 1.18 and a beta of 1.20. The business has a 50 day moving average of $67.96 and a 200-day moving average of $70.73. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $80.71.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. 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, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $1.10 earnings per share. Urban Outfitters’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Barclays boosted their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Citigroup raised their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.36.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently made changes to their positions in URBN. Asset Management One Co. Ltd. raised its stake in shares of Urban Outfitters by 11.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 140 shares during the period. Nisa Investment Advisors LLC grew its holdings in Urban Outfitters by 1.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after buying an additional 164 shares in the last quarter. Diversified Trust Co increased its position in shares of Urban Outfitters by 0.9% during the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock valued at $1,429,000 after buying an additional 185 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Urban Outfitters by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock worth $1,205,000 after buying an additional 198 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock valued at $545,000 after acquiring an additional 203 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

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.