Urban Outfitters Inc. (NASDAQ:URBN) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 14,995,367 shares, an increase of 13.3% from the October 31st total of 13,239,642 shares. Approximately 18.1% of the company’s shares are sold short. Based on an average daily volume of 3,034,502 shares, the days-to-cover ratio is presently 4.9 days.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $39.95, for a total value of $250,087.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.30% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Emerald Advisers Inc. PA increased its stake in Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock worth $18,200,000 after buying an additional 490,430 shares during the last quarter. Meeder Asset Management Inc. increased its position in Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock valued at $906,000 after buying an additional 6,685 shares during the period. GW&K Investment Management LLC increased its position in Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock valued at $11,113,000 after buying an additional 62,027 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Urban Outfitters during the second quarter valued at $9,815,000. Finally, Nuveen Asset Management LLC purchased a new position in Urban Outfitters during the first quarter valued at $1,162,000. Institutional investors and hedge funds own 74.17% of the company’s stock.
Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Friday. The stock has a 50 day moving average of $35.15 and a 200-day moving average of $31.98. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80. The stock has a market cap of $3.93 billion, a P/E ratio of 17.28 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The business earned $862.50 million during the quarter. During the same quarter in the prior year, the firm earned $0.42 EPS. Urban Outfitters’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current year.
A number of analysts have issued reports on URBN shares. Zacks Investment Research raised Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. boosted their target price on Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Credit Suisse Group AG reissued a “neutral” rating and issued a $34.00 target price on shares of Urban Outfitters in a research report on Wednesday, August 17th. Evercore ISI raised Urban Outfitters from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.00 to $40.00 in a research report on Wednesday, August 17th. Finally, Mizuho boosted their target price on Urban Outfitters from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $35.79.
Urban Outfitters Company Profile