Urban Outfitters (NASDAQ:URBN) Shares Gap Down to $38.02

Urban Outfitters, Inc. (NASDAQ:URBN) gapped down prior to trading on Wednesday . The stock had previously closed at $38.02, but opened at $36.66. Urban Outfitters shares last traded at $36.89, with a volume of 546,871 shares.

Analyst Upgrades and Downgrades

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

Urban Outfitters Price Performance

The firm has a market capitalization of $3.44 billion, a PE ratio of 12.51, a P/E/G ratio of 0.60 and a beta of 1.53. The business’s 50 day moving average is $42.13 and its two-hundred day moving average is $38.06.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share 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 analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Urban Outfitters, Inc. will post 3.53 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 6,250 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,353 shares of the company’s stock, valued at $258,821.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 6,353 shares in the company, valued at $258,821.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total transaction of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at $36,973.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,473 shares of company stock worth $757,483. Company insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its stake in Urban Outfitters by 148.5% during 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 period. Parallel Advisors LLC lifted its holdings in shares of Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after buying an additional 417 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Urban Outfitters during the second quarter worth $33,000. Castleview Partners LLC purchased a new position in Urban Outfitters during the third quarter valued at $39,000. Finally, Spire Wealth Management increased its holdings in 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 acquiring an additional 1,110 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

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.