Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) was the target of some unusual options trading on Friday. Investors bought 3,549 put options on the company. This is an increase of approximately 47% compared to the average daily volume of 2,411 put options.
Insider Buying and Selling at Urban Outfitters
In other Urban Outfitters news, COO Frank Conforti sold 10,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer now owns 25,960 shares of the company’s stock, valued at $649,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Urban Outfitters news, COO Frank Conforti sold 10,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer now owns 25,960 shares of the company’s stock, valued at $649,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azeez Hayne sold 4,095 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The disclosure for this sale can be found here. Insiders own 27.50% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its holdings in Urban Outfitters by 323.2% in the second quarter. US Bancorp DE now owns 1,477 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 1,128 shares during the period. Captrust Financial Advisors boosted its holdings in Urban Outfitters by 148.5% in the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 916 shares during the period. Wipfli Financial Advisors LLC purchased a new position in Urban Outfitters in the third quarter valued at $40,000. Quadrant Capital Group LLC boosted its holdings in Urban Outfitters by 663.4% in the third quarter. Quadrant Capital Group LLC now owns 2,840 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 2,468 shares during the period. Finally, KBC Group NV purchased a new position in Urban Outfitters in the third quarter valued at $98,000. 77.30% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
URBN has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Urban Outfitters from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, November 22nd. Bank of America increased their price target on Urban Outfitters from $25.00 to $30.00 in a report on Tuesday, November 22nd. Citigroup increased their price target on Urban Outfitters from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 22nd. Robert W. Baird increased their price target on Urban Outfitters from $23.00 to $26.00 in a report on Tuesday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Urban Outfitters from $20.00 to $22.00 in a research report on Tuesday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $26.17.
Urban Outfitters Stock Performance
Shares of URBN traded down $0.29 during midday trading on Friday, hitting $23.76. 38,311 shares of the stock were exchanged, compared to its average volume of 1,655,619. Urban Outfitters has a 52-week low of $17.81 and a 52-week high of $30.82. The stock has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $22.66. The firm has a market cap of $2.19 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.75 and a beta of 1.38.
Urban Outfitters (NASDAQ:URBN – Get Rating) last released its quarterly earnings results on Monday, November 21st. The apparel retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Urban Outfitters had a return on equity of 9.83% and a net margin of 3.57%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Urban Outfitters will post 1.74 EPS for the current fiscal year.
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 Nully. 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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