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

Key Points

• Insider Margaret Hayne sold 9,333 shares of Urban Outfitters (URBN) on Feb. 10 at an average price of $71.13 for about $663,856, leaving her with 1,987,950 shares (a 0.47% reduction); the transaction is part of a string of sales by Hayne across January and February.
• Following the filings URBN shares traded down to $68.26 (‑3.2%); the company has a market cap of $6.12B, a P/E of 12.88, 50‑/200‑day moving averages of $75.04/$72.21, and a consensus analyst rating of Hold with an average price target of $86.67.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $663,856.29. Following the sale, the insider owned 1,987,950 shares of the company's stock, valued at $141,402,883.50. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, February 4th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was 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 stock was sold at an average price of $70.03, for a total value 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 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 shares were sold at an average price of $70.46, for a total transaction 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 transaction 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 transaction of $666,189.54.

Urban Outfitters Stock Down 3.2%

NASDAQ URBN traded down $2.26 on Thursday, reaching $68.26. The stock had a trading volume of 1,232,917 shares, compared to its average volume of 1,590,773. The stock has a fifty day moving average price of $75.04 and a two-hundred day moving average price of $72.21. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $84.35. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 1.24.

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

Institutional Trading of Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $305,000. Renaissance Technologies LLC boosted its position in shares of Urban Outfitters by 68.0% in the fourth quarter. Renaissance Technologies LLC now owns 496,500 shares of the apparel retailer's stock worth $37,367,000 after buying an additional 201,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Urban Outfitters by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,975,316 shares of the apparel retailer's stock valued at $299,183,000 after buying an additional 299,380 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at about $779,000. Finally, EntryPoint Capital LLC acquired a new position in Urban Outfitters in the 4th quarter worth $306,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on URBN. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 26th. UBS Group reiterated a "neutral" rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price objective on Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $86.67.

Urban Outfitters Company Profile

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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