Traders Buy High Volume of Call Options on Urban Outfitters (NASDAQ:URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) was the target of some unusual options trading on Wednesday. Traders bought 5,363 call options on the company. This is an increase of 95% compared to the average volume of 2,753 call options.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Barclays decreased their target price on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Robert W. Baird raised their price target on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Morgan Stanley dropped their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.30.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Urban Outfitters by 5.0% during the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after buying an additional 382,135 shares during the period. Dimensional Fund Advisors LP raised its holdings in Urban Outfitters by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,600,911 shares of the apparel retailer’s stock worth $235,590,000 after purchasing an additional 125,147 shares during the period. Marshall Wace LLP boosted its position in Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares in the last quarter. American Century Companies Inc. increased its position in shares of Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after buying an additional 264,708 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Urban Outfitters by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the apparel retailer’s stock worth $37,523,000 after buying an additional 13,246 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Down 1.5 %

Shares of URBN traded down $0.56 during trading hours on Wednesday, reaching $36.45. 785,388 shares of the company traded hands, compared to its average volume of 1,716,354. The business has a fifty day moving average price of $43.04 and a 200-day moving average price of $42.09. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $48.90. The stock has a market capitalization of $3.40 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.92 and a beta of 1.51.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, research analysts predict that Urban Outfitters will post 3.59 EPS for the current fiscal year.

Urban Outfitters Company Profile

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.