Urban Outfitters Sees Unusually Large Options Volume (NASDAQ:URBN)

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) was the target of unusually large options trading activity on Tuesday. Traders bought 4,568 call options on the stock. This represents an increase of approximately 48% compared to the typical volume of 3,096 call options.

Insiders Place Their Bets

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total transaction of $510,680.00. Following the transaction, the director now owns 4,750 shares of the company's stock, valued at approximately $356,725. The trade was a 58.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,632 shares of company stock worth $7,175,331 over the last 90 days. Corporate insiders own 31.60% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Urban Outfitters during the first quarter worth about $461,000. Acadian Asset Management LLC boosted its stake in shares of Urban Outfitters by 354.6% during the first quarter. Acadian Asset Management LLC now owns 206,454 shares of the apparel retailer's stock worth $10,813,000 after buying an additional 161,039 shares during the period. Intech Investment Management LLC boosted its stake in shares of Urban Outfitters by 110.6% during the first quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer's stock worth $3,448,000 after buying an additional 34,555 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Urban Outfitters during the first quarter worth about $442,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer's stock worth $7,476,000 after buying an additional 13,554 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on URBN. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Wall Street Zen upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. UBS Group boosted their target price on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup lowered their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $69.36.

Urban Outfitters Stock Performance

NASDAQ URBN traded down $2.51 during trading hours on Friday, hitting $69.96. The company had a trading volume of 2,976,473 shares, compared to its average volume of 1,964,752. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $75.80. The company has a market cap of $6.48 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The business has a 50 day moving average of $55.04 and a 200-day moving average of $53.47.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts expect that Urban Outfitters will post 3.91 earnings per share 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 Nuuly. 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.