Urban Outfitters (URBN) Trading Down 6%

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) dropped 6% during mid-day trading on Monday . The company traded as low as $28.86 and last traded at $29.08. Approximately 4,044,865 shares were traded during trading, an increase of 42% from the average daily volume of 2,848,813 shares. The stock had previously closed at $30.93.

URBN has been the topic of a number of recent analyst reports. ValuEngine raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Zacks Investment Research reaffirmed a “buy” rating and set a $36.00 price target on shares of Urban Outfitters in a report on Monday, December 31st. JPMorgan Chase & Co. downgraded shares of Urban Outfitters from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $38.00 in a report on Monday, January 7th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and set a $32.74 price target on the stock in a report on Wednesday, January 9th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $42.00 price target (down previously from $49.00) on shares of Urban Outfitters in a report on Friday, January 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $40.24.

The firm has a market capitalization of $2.97 billion, a PE ratio of 10.75, a P/E/G ratio of 1.06 and a beta of 0.54.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. During the same quarter last year, the firm posted $0.62 earnings per share. Analysts expect that Urban Outfitters, Inc. will post 2.61 EPS for the current year.

In other Urban Outfitters news, CEO Trish Donnelly sold 9,144 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $34.00, for a total transaction of $310,896.00. Following the sale, the chief executive officer now owns 10,295 shares in the company, valued at approximately $350,030. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Azeez Hayne sold 10,300 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $33.63, for a total transaction of $346,389.00. Following the sale, the general counsel now owns 12,523 shares in the company, valued at approximately $421,148.49. The disclosure for this sale can be found here. In the last three months, insiders sold 104,200 shares of company stock worth $3,237,851. 24.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its position in shares of Urban Outfitters by 3,059.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 971,424 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $31,000. Bessemer Group Inc. raised its position in shares of Urban Outfitters by 105.5% during the fourth quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 499 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $40,000. Finally, Huntington National Bank raised its position in shares of Urban Outfitters by 42.7% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 369 shares during the last quarter. Institutional investors own 80.04% of the company’s stock.

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Urban Outfitters Company Profile (NASDAQ:URBN)

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women’s and men’s fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women’s casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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