Urban Outfitters Sees Unusually High Options Volume (NASDAQ:URBN)

Urban Outfitters, Inc. (NASDAQ:URBNGet Free Report) was the target of unusually large options trading on Tuesday. Traders bought 2,100 call options on the company. This represents an increase of 35% compared to the typical volume of 1,555 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets lifted their target price on Urban Outfitters from $31.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, August 23rd. Barclays lifted their target price on Urban Outfitters from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, August 23rd. Robert W. Baird lifted their target price on Urban Outfitters from $32.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $42.00 target price on shares of Urban Outfitters in a research note on Wednesday, November 15th. Finally, Jefferies Financial Group downgraded Urban Outfitters from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $42.00 to $31.00 in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.92.

View Our Latest Research Report on Urban Outfitters

Urban Outfitters Trading Down 2.9 %

NASDAQ:URBN traded down $1.06 during midday trading on Tuesday, hitting $35.81. 887,617 shares of the stock were exchanged, compared to its average volume of 1,612,649. Urban Outfitters has a one year low of $23.26 and a one year high of $37.81. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.46 and a beta of 1.50. The business has a 50-day moving average price of $33.58 and a two-hundred day moving average price of $33.09.

Urban Outfitters (NASDAQ:URBNGet Free Report) last posted its quarterly earnings results on Tuesday, August 22nd. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.21. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Urban Outfitters had a return on equity of 12.51% and a net margin of 4.56%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Sell-side analysts forecast that Urban Outfitters will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Urban Outfitters by 21.4% during the 1st quarter. BlackRock Inc. now owns 12,133,038 shares of the apparel retailer’s stock worth $336,328,000 after purchasing an additional 2,138,104 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Urban Outfitters during the 1st quarter worth approximately $39,144,000. Arrowstreet Capital Limited Partnership grew its position in Urban Outfitters by 165.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,740,106 shares of the apparel retailer’s stock worth $48,236,000 after purchasing an additional 1,083,423 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in Urban Outfitters by 239.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,217,724 shares of the apparel retailer’s stock worth $29,043,000 after purchasing an additional 858,886 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Urban Outfitters by 368.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 734,166 shares of the apparel retailer’s stock worth $24,323,000 after purchasing an additional 577,291 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

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 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 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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