Traders Sell Urban Outfitters (URBN) on Strength (URBN)


Investors sold shares of Urban Outfitters (NASDAQ:URBN) on strength during trading on Thursday. $17.36 million flowed into the stock on the tick-up and $38.83 million flowed out of the stock on the tick-down, for a money net flow of $21.47 million out of the stock. Of all equities tracked, Urban Outfitters had the 26th highest net out-flow for the day. Urban Outfitters traded up $0.44 for the day and closed at $42.76


URBN has been the topic of a number of analyst reports. BidaskClub upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Zacks Investment Research cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Royal Bank of Canada set a $40.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Tuesday, March 6th. Wells Fargo reiterated a “hold” rating and issued a $39.00 price target (up previously from $32.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $40.00 price target on shares of Urban Outfitters in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and an average price target of $32.96.


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The company has a market cap of $4.43 billion, a PE ratio of 25.60, a PEG ratio of 1.49 and a beta of 0.52.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. research analysts expect that Urban Outfitters will post 2.28 earnings per share for the current year.


In other news, CEO Margaret Hayne sold 41,100 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $36.65, for a total value of $1,506,315.00. Following the transaction, the chief executive officer now owns 1,066,184 shares in the company, valued at approximately $39,075,643.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Azeez Hayne sold 800 shares of the stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $39.01, for a total transaction of $31,208.00. The disclosure for this sale can be found here. Insiders sold a total of 390,295 shares of company stock worth $14,551,402 in the last quarter. Company insiders own 25.90% of the company’s stock.


Several large investors have recently modified their holdings of URBN. Trust Co. of Vermont bought a new position in shares of Urban Outfitters in the 4th quarter worth approximately $110,000. First Mercantile Trust Co. bought a new position in shares of Urban Outfitters in the 1st quarter worth approximately $143,000. State of Alaska Department of Revenue bought a new position in shares of Urban Outfitters in the 4th quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 1,522 shares during the period. Finally, BRYN MAWR TRUST Co bought a new position in shares of Urban Outfitters in the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.


About Urban Outfitters

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.