Urban Outfitters, Inc. (NASDAQ:URBN) Insider Margaret Hayne Sells 80,000 Shares

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the completion of the sale, the insider now directly owns 100 shares in the company, valued at $7,259. This represents a 99.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Urban Outfitters Trading Up 0.4%

Shares of Urban Outfitters stock traded up $0.31 during trading hours on Friday, reaching $70.02. The stock had a trading volume of 1,883,302 shares, compared to its average volume of 1,977,398. The firm has a 50 day simple moving average of $56.92 and a two-hundred day simple moving average of $54.59. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.02 and a beta of 1.45. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its holdings in Urban Outfitters by 183,272.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock worth $60,079,000 after purchasing an additional 1,094,134 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock worth $48,038,000 after purchasing an additional 859,886 shares during the last quarter. Nuveen LLC purchased a new stake in Urban Outfitters during the 1st quarter worth approximately $43,769,000. Wedge Capital Management L L P NC purchased a new stake in Urban Outfitters during the 1st quarter worth approximately $40,544,000. Finally, Norges Bank purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $31,605,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Bank of America lifted their price target on Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $63.00 to $78.00 in a report on Thursday, May 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Finally, Citigroup reduced their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Urban Outfitters has a consensus rating of "Hold" and a consensus price target of $71.55.

About Urban Outfitters

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.