Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) Insider Sells 80,000 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the transaction, the insider now owns 100 shares of the company's stock, valued at approximately $7,259. The trade was a 99.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Urban Outfitters Stock Down 0.8%

NASDAQ URBN traded down $0.55 during trading hours on Thursday, hitting $69.99. 603,647 shares of the stock were exchanged, compared to its average volume of 1,968,062. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $75.80. The stock has a 50-day moving average of $56.23 and a 200 day moving average of $54.15.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. GSA Capital Partners LLP increased its holdings in 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 buying an additional 203 shares in the last quarter. Xponance Inc. increased its holdings in Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after buying an additional 222 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Urban Outfitters by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock valued at $1,011,000 after buying an additional 228 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after buying an additional 250 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on URBN shares. Citigroup decreased their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price objective (up previously from $59.00) on shares of Urban Outfitters in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $63.00 to $78.00 in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group restated an "underperform" rating and issued a $46.00 price objective (up previously from $42.00) on shares of Urban Outfitters in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average target price of $69.36.

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.