Urban Outfitters Target of Unusually Large Options Trading (URBN)
Urban Outfitters (NASDAQ:URBN) was the recipient of some unusual options trading activity on Monday. Traders acquired 11,664 call options on the company, AnalystRatings.Net reports. This represents an increase of 842% compared to the typical daily volume of 1,238 call options.
A number of research firms have recently commented on URBN. Analysts at Maxim Group reiterated a “hold” rating on shares of Urban Outfitters in a research note on Monday. Separately, analysts at Wunderlich initiated coverage on shares of Urban Outfitters in a research note on Tuesday, August 12th. They set a “buy” rating and a $42.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, July 30th. They now have a $38.00 price target on the stock, down previously from $40.00. Eleven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Buy” and an average target price of $42.27.
Urban Outfitters (NASDAQ:URBN) traded up 2.41% during mid-day trading on Monday, hitting $36.92. The stock had a trading volume of 3,591,468 shares. Urban Outfitters has a 1-year low of $32.23 and a 1-year high of $44.15. The stock’s 50-day moving average is $34.96 and its 200-day moving average is $35.37. The company has a market cap of $5.086 billion and a P/E ratio of 19.66.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, August 18th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $811.00 million for the quarter, compared to the consensus estimate of $807.00 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Urban Outfitters will post $1.96 EPS 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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