Urban Outfitters Sees Large Growth in Short Interest (URBN)
Urban Outfitters (NASDAQ:URBN) was the recipient of a large growth in short interest in June. As of June 13th, there was short interest totalling 7,018,940 shares, a growth of 41.7% from the May 30th total of 4,954,880 shares, American Banking & Market News reports. Based on an average daily trading volume, of 2,772,858 shares, the short-interest ratio is currently 2.5 days. Currently, 6.7% of the shares of the stock are sold short.
URBN has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “in-line” rating on shares of Urban Outfitters in a research note on Tuesday, June 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, May 21st. They now have a $35.00 price target on the stock. Finally, analysts at Maxim Group cut their price target on shares of Urban Outfitters from $35.00 to $30.00 in a research note on Wednesday, May 21st. They now have a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Urban Outfitters presently has an average rating of “Buy” and an average price target of $42.04.
Urban Outfitters (NASDAQ:URBN) opened at 33.74 on Monday. Urban Outfitters has a 1-year low of $32.23 and a 1-year high of $44.15. The stock has a 50-day moving average of $34.14 and a 200-day moving average of $35.83. The company has a market cap of $4.648 billion and a price-to-earnings ratio of 18.45.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, May 19th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.01. The company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $680.61 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Urban Outfitters will post $1.96 earnings per share for the current fiscal year.
Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
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