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

Urban Outfitters, Inc. (NASDAQ:URBN) saw some unusual options trading activity on Tuesday. Stock traders purchased 4,568 call options on the company. This represents an increase of 48% compared to the typical daily volume of 3,096 call options.

Urban Outfitters Stock Up 4.1%

URBN opened at $75.26 on Wednesday. The company has a market cap of $6.97 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $75.57. The company has a 50-day moving average price of $53.81 and a 200 day moving average price of $52.87.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $0.69 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. This represents a 34.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,976 shares of company stock worth $1,663,713. Company insiders own 31.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Urban Outfitters by 11.2% in the first quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock valued at $121,700,000 after acquiring an additional 233,371 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after buying an additional 115,390 shares in the last quarter. Junto Capital Management LP boosted its holdings in Urban Outfitters by 16.5% during the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after buying an additional 244,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock valued at $73,212,000 after purchasing an additional 302,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after purchasing an additional 60,697 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Glj Research reiterated a “sell” rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Wells Fargo & Company reissued an “equal weight” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Morgan Stanley raised their price objective on Urban Outfitters from $62.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, May 22nd. Jefferies Financial Group reaffirmed an “underperform” rating and set a $46.00 price objective (up previously from $42.00) on shares of Urban Outfitters in a research report on Wednesday, May 21st. Finally, BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the stock a “market perform” rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.45.

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.