Urban Outfitters, Inc. (NASDAQ:URBN) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 12,528,430 shares, a drop of 20.6% from the November 30th total of 15,777,235 shares. Approximately 17.5% of the shares of the company are short sold. Based on an average daily trading volume, of 3,456,426 shares, the short-interest ratio is presently 3.6 days.
A number of analysts recently issued reports on URBN shares. Royal Bank of Canada restated a “hold” rating and set a $21.00 price objective on shares of Urban Outfitters in a report on Monday, September 18th. Jefferies Group restated a “buy” rating and set a $25.00 price objective on shares of Urban Outfitters in a report on Thursday, September 28th. Deutsche Bank lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating and cut their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “buy” rating and set a $24.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.63.
Large investors have recently modified their holdings of the business. Sun Life Financial INC purchased a new position in Urban Outfitters in the 2nd quarter worth about $151,000. Invictus RG purchased a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $241,000. Pacad Investment Ltd. purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $191,000. BT Investment Management Ltd purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $196,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after purchasing an additional 43 shares during the last quarter. 86.24% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters (NASDAQ URBN) opened at $32.94 on Thursday. Urban Outfitters has a one year low of $16.19 and a one year high of $36.10. The stock has a market cap of $3,570.00, a PE ratio of 21.96, a P/E/G ratio of 1.83 and a beta of 0.73.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million during the quarter, compared to analyst estimates of $860.64 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Urban Outfitters’s revenue was up 3.5% on a year-over-year basis. equities analysts expect that Urban Outfitters will post 1.56 earnings per share for the current year.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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