Key Points
- Insider sale: Margaret Hayne sold 9,333 shares on Dec. 10 at an average price of $78.36 for $731,333.88, and now holds 2,337,392 shares; the transaction is part of a string of seven 9,333-share sales since Nov. 26 totaling about 65,331 shares (roughly $5.0M).
- Company and analyst snapshot: Urban Outfitters trades near its 52-week high (~$81.83) with a $7.32B market cap, reported $1.28 EPS on $1.53B revenue for the quarter, and carries an average analyst target of $85.17 with a consensus rating of Hold.
Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Margaret Hayne sold 9,333 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $78.36, for a total value of $731,333.88. Following the sale, the insider owned 2,337,392 shares in the company, valued at $183,158,037.12. The trade was a 0.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Margaret Hayne also recently made the following trade(s):
- On Monday, December 8th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $76.03, for a total value of $709,587.99.
- On Friday, December 5th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $76.61, for a total transaction of $715,001.13.
- On Wednesday, December 3rd, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $78.95, for a total transaction of $736,840.35.
- On Monday, December 1st, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $73.97, for a total transaction of $690,362.01.
- On Friday, November 28th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The stock was sold at an average price of $74.94, for a total transaction of $699,415.02.
- On Wednesday, November 26th, Margaret Hayne sold 9,333 shares of Urban Outfitters stock. The shares were sold at an average price of $75.32, for a total transaction of $702,961.56.
Urban Outfitters Stock Performance
NASDAQ:URBN opened at $81.64 on Friday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.19 and a beta of 1.20. The stock's fifty day moving average price is $68.58 and its two-hundred day moving average price is $71.19. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $81.83.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share 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. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after acquiring an additional 262 shares in the last quarter. Citigroup Inc. grew its position in shares of Urban Outfitters by 53.8% in the 1st quarter. Citigroup Inc. now owns 154,225 shares of the apparel retailer's stock valued at $8,081,000 after purchasing an additional 53,972 shares during the period. Nuveen LLC bought a new stake in Urban Outfitters during the 1st quarter worth approximately $43,769,000. Public Sector Pension Investment Board increased its stake in Urban Outfitters by 27.4% during the 1st quarter. Public Sector Pension Investment Board now owns 178,507 shares of the apparel retailer's stock worth $9,354,000 after purchasing an additional 38,337 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Urban Outfitters during the 1st quarter worth approximately $241,000. 77.61% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
URBN has been the topic of a number of research reports. Citigroup upped their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, November 26th. Bank of America increased their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Barclays lifted their price objective on Urban Outfitters from $89.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 26th. Guggenheim began coverage on Urban Outfitters in a research note on Tuesday. They issued a "neutral" rating on the stock. Finally, Telsey Advisory Group raised their target price on Urban Outfitters from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $85.17.
Read Our Latest Stock Analysis on Urban Outfitters
Urban Outfitters Company Profile
(
Get Free Report)
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.
Further Reading
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