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

Key Points

• Insider selling: Margaret Hayne sold 9,333 shares of Urban Outfitters on Jan. 22 at an average price of $71.17 (~$664,230), part of a string of identical 9,333-share disposals since Dec. 29 that reduced her stake by 0.45% to 2,076,068 shares (worth about $147.8M).
• Urban Outfitters traded at $68.95 on Monday with a market cap of $6.18B and a 52-week range of $41.89–$84.35; analysts are mixed (8 Buy, 8 Hold, 1 Sell) with an average rating of Hold and an average price target of $86.67.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the business's stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total value of $664,229.61. Following the completion of the sale, the insider directly owned 2,076,068 shares of the company's stock, valued at $147,753,759.56. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 value of $657,603.18.
• On Friday, January 16th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were 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 shares were 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 stock was sold at an average price of $74.35, for a total transaction of $693,908.55.
• On Friday, January 9th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $81.82, for a total transaction of $763,626.06.
• On Wednesday, January 7th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $79.71, for a total transaction of $743,933.43.
• On Monday, January 5th, 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 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 transaction of $699,415.02.
• On Wednesday, December 31st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $75.64, for a total transaction of $705,948.12.
• 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.

Urban Outfitters Stock Performance

NASDAQ:URBN traded up $1.56 during trading hours on Monday, hitting $68.95. The company's stock had a trading volume of 1,570,453 shares, compared to its average volume of 2,012,916. The company has a market capitalization of $6.18 billion, a PE ratio of 13.01, a PEG ratio of 1.02 and a beta of 1.23. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35. The business's 50-day moving average is $74.61 and its two-hundred day moving average is $72.38.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on URBN shares. UBS Group restated a "neutral" rating on shares of Urban Outfitters in a report on Tuesday, January 13th. The Goldman Sachs Group began coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a "neutral" rating and a $83.00 price objective for the company. Wells Fargo & Company upped their target price on Urban Outfitters from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 26th. Robert W. Baird set a $93.00 target price on Urban Outfitters in a report on Wednesday, December 17th. Finally, Barclays upped their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an "overweight" rating in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average price target of $86.67.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its holdings in Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer's stock valued at $97,000 after buying an additional 140 shares during the period. GAMMA Investing LLC grew its holdings in Urban Outfitters by 8.0% in the fourth quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer's stock valued at $157,000 after purchasing an additional 154 shares during the period. Nisa Investment Advisors LLC grew its holdings in Urban Outfitters by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer's stock valued at $749,000 after purchasing an additional 164 shares during the period. Oliver Luxxe Assets LLC increased its position in Urban Outfitters by 0.5% during the fourth quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer's stock worth $2,542,000 after purchasing an additional 181 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in Urban Outfitters by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer's stock worth $1,205,000 after purchasing an additional 198 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

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.

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