Urban Outfitters Sees Unusually High Options Volume (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) was the target of unusually large options trading activity on Tuesday. Traders purchased 13,891 put options on the stock. This represents an increase of 299% compared to the typical daily volume of 3,479 put options.
Urban Outfitters (URBN) opened at 18.49 on Friday. The stock’s 50 day moving average is $18.75 and its 200 day moving average is $23.96. The stock has a market capitalization of $2.14 billion, a PE ratio of 10.79 and a beta of 0.65. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $761.20 million during the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts anticipate that Urban Outfitters will post $1.42 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Urban Outfitters by 9,872.9% in the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock valued at $318,523,000 after buying an additional 13,271,441 shares during the period. Renaissance Technologies LLC purchased a new position in Urban Outfitters during the first quarter valued at $48,801,000. Turtle Creek Asset Management Inc. purchased a new position in Urban Outfitters during the first quarter valued at $47,366,000. Shapiro Capital Management LLC purchased a new position in Urban Outfitters during the first quarter valued at $30,553,000. Finally, Bank of New York Mellon Corp raised its position in Urban Outfitters by 45.2% in the first quarter. Bank of New York Mellon Corp now owns 3,916,563 shares of the apparel retailer’s stock valued at $93,056,000 after buying an additional 1,218,502 shares during the period. 82.97% of the stock is owned by institutional investors.
Several analysts have issued reports on URBN shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Urban Outfitters in a research note on Tuesday, May 16th. Royal Bank Of Canada set a $22.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, May 15th. Wedbush reiterated a “neutral” rating and issued a $26.00 target price on shares of Urban Outfitters in a research note on Tuesday, March 21st. Wolfe Research cut shares of Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, May 9th. Finally, MKM Partners restated a “sell” rating and set a $19.00 price objective (down previously from $20.00) on shares of Urban Outfitters in a research report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.70.
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Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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