Urban Outfitters, Inc. (NASDAQ:URBN) Short Interest Update

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,920,000 shares, an increase of 25.2% from the March 15th total of 3,130,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 6.7% of the shares of the company are sold short.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 6,250 shares of the company's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the sale, the chief executive officer now owns 6,353 shares in the company, valued at $258,821.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the sale, the chief executive officer now owns 6,353 shares in the company, valued at $258,821.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Melanie Marein-Efron sold 3,345 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the sale, the chief financial officer now owns 6,908 shares of the company's stock, valued at approximately $291,724.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,473 shares of company stock worth $757,483. 31.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its stake in shares of Urban Outfitters by 148.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 916 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 417 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $33,000. Castleview Partners LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter valued at approximately $39,000. Finally, Spire Wealth Management lifted its stake in shares of Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on URBN shares. BMO Capital Markets upped their price target on Urban Outfitters from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, February 29th. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Telsey Advisory Group increased their target price on Urban Outfitters from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. UBS Group increased their target price on Urban Outfitters from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. cut their target price on Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has an average rating of "Hold" and a consensus price target of $39.58.

Urban Outfitters Stock Down 1.5 %

Urban Outfitters stock traded down $0.58 during midday trading on Friday, reaching $38.77. 2,369,882 shares of the stock traded hands, compared to its average volume of 1,481,687. The stock's fifty day moving average is $42.22 and its 200-day moving average is $37.94. Urban Outfitters has a 12 month low of $25.52 and a 12 month high of $47.29. The stock has a market cap of $3.62 billion, a P/E ratio of 12.75, a PEG ratio of 0.62 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $0.39 earnings per share. Urban Outfitters's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters will post 3.53 EPS for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.