Urban Outfitters, Inc. (NASDAQ:URBN) Insider Margaret Hayne Sells 53,390 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) insider Margaret Hayne sold 53,390 shares of the company’s stock in a transaction dated Wednesday, June 9th. The shares were sold at an average price of $37.89, for a total value of $2,022,947.10. Following the completion of the sale, the insider now directly owns 1,086,852 shares of the company’s stock, valued at $41,180,822.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of URBN traded up $0.25 during mid-day trading on Thursday, hitting $38.08. 1,965,831 shares of the company’s stock were exchanged, compared to its average volume of 1,791,323. The firm has a market capitalization of $3.74 billion, a P/E ratio of 3,820.82, a PEG ratio of 1.64 and a beta of 1.59. Urban Outfitters, Inc. has a 52 week low of $14.41 and a 52 week high of $41.95. The stock has a 50-day moving average of $37.29.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, May 24th. The apparel retailer reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.38. The company had revenue of $927.41 million during the quarter, compared to analysts’ expectations of $870.17 million. Urban Outfitters had a net margin of 0.04% and a return on equity of 0.87%. The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the business earned ($1.41) EPS. Equities research analysts predict that Urban Outfitters, Inc. will post 1.84 EPS for the current fiscal year.

URBN has been the subject of a number of recent analyst reports. MKM Partners upped their price target on Urban Outfitters from $29.00 to $34.00 in a research note on Wednesday, March 3rd. TheStreet raised Urban Outfitters from a “c” rating to a “b-” rating in a research note on Tuesday, May 25th. Telsey Advisory Group upped their price target on Urban Outfitters from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, May 26th. BMO Capital Markets upped their price target on Urban Outfitters from $31.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Urban Outfitters from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, April 19th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $35.14.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. BlackRock Inc. boosted its holdings in shares of Urban Outfitters by 1.7% in the 4th quarter. BlackRock Inc. now owns 8,321,582 shares of the apparel retailer’s stock valued at $213,032,000 after buying an additional 140,067 shares during the last quarter. IndexIQ Advisors LLC boosted its holdings in shares of Urban Outfitters by 11.5% in the 4th quarter. IndexIQ Advisors LLC now owns 14,708 shares of the apparel retailer’s stock valued at $377,000 after buying an additional 1,518 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Urban Outfitters by 3.4% in the 4th quarter. Russell Investments Group Ltd. now owns 228,546 shares of the apparel retailer’s stock valued at $5,850,000 after buying an additional 7,552 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Urban Outfitters by 57.7% in the 4th quarter. ProShare Advisors LLC now owns 20,668 shares of the apparel retailer’s stock valued at $529,000 after buying an additional 7,560 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $301,000. 68.51% 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 Subscription. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Insider Buying and Selling by Quarter for Urban Outfitters (NASDAQ:URBN)

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