Urban Outfitters, Inc. (NASDAQ:URBN) saw some unusual options trading activity on Wednesday. Traders acquired 11,748 call options on the stock. This is an increase of 329% compared to the typical volume of 2,741 call options.

Shares of Urban Outfitters (NASDAQ URBN) opened at 19.27 on Friday. Urban Outfitters has a one year low of $16.19 and a one year high of $40.80. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 12.90 and a beta of 0.66. The company’s 50-day moving average is $18.47 and its 200-day moving average is $21.55.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $873 million for the quarter, compared to analysts’ expectations of $860.80 million. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, equities analysts predict that Urban Outfitters will post $1.43 EPS for the current year.

Several research firms recently weighed in on URBN. FBR & Co reaffirmed a “hold” rating and set a $24.00 target price (down from $28.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. MKM Partners reaffirmed a “sell” rating and set a $16.00 target price (down from $19.00) on shares of Urban Outfitters in a research note on Monday, June 12th. Zacks Investment Research cut shares of Urban Outfitters from a “hold” rating to a “strong sell” rating in a research note on Friday, May 19th. Wunderlich set a $20.00 target price on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Wednesday, May 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 target price (down from $27.00) on shares of Urban Outfitters in a research note on Friday, May 19th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.76.

Several hedge funds have recently modified their holdings of URBN. Canada Pension Plan Investment Board raised its stake in Urban Outfitters by 14.2% in the first quarter. Canada Pension Plan Investment Board now owns 208,762 shares of the apparel retailer’s stock worth $4,960,000 after buying an additional 26,000 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Urban Outfitters by 337.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,824 shares of the apparel retailer’s stock worth $970,000 after buying an additional 31,500 shares during the last quarter. Strs Ohio purchased a new stake in Urban Outfitters during the first quarter worth $4,158,000. Janney Montgomery Scott LLC raised its stake in Urban Outfitters by 58.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,549 shares of the apparel retailer’s stock worth $346,000 after buying an additional 5,381 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in Urban Outfitters by 16.0% in the first quarter. Glen Harbor Capital Management LLC now owns 168,272 shares of the apparel retailer’s stock worth $3,998,000 after buying an additional 23,184 shares during the last quarter. 83.99% of the stock is currently owned by institutional investors and hedge funds.

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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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