Urban Outfitters, Inc. (NASDAQ:URBN) Short Interest Update

Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) was the target of major growth in short interest during the month of May. On May 31, there was short interest totaling 4,390,000 shares, a growth of 20.9% compared to the total of 3,630,000 shares on May 15. About 7.5% of the company’s shares are sold short. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 2.7 days.

Buying and selling with insider information

In related news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock sold at an average price of $41.78, for a total transaction of $583,541.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.80% of the shares are owned by insiders.

Hedge funds weigh heavily on Urban Outfitters

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Urban Outfitters shares by 5.0% during the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the clothing retailer worth $349,736,000 after acquiring an additional 382,135 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Urban Outfitters by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,600,911 shares of the apparel retailer’s stock worth $235,590,000 after purchasing an additional 125,147 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Urban Outfitters by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the clothing retailer worth $37,523,000 after purchasing an additional 13,246 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the clothing retailer worth $37,101,000 after purchasing an additional 470,323 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Urban Outfitters by 25.4% in the third quarter. American Century Companies Inc. now owns 940,165 shares of the clothing retailer’s stock worth $30,734,000, after purchasing an additional 190,677 shares in the last quarter. 77.61% of the shares are currently held by institutional investors.

Urban Outfitters down 1.3%

Shares of URBN opened at $42.85 on Friday. The company’s 50-day moving average price is $40.45 and its 200-day moving average price is $40.00. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $47.29. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.06, and a beta of 1.49.

Urban Outfitters (NASDAQ:URBN – Get Free Report) posted its latest quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company posted earnings per share of $0.56. The company’s revenue increased by 8.1% compared to the same quarter last year. On average, sell-side analysts predict that Urban Outfitters will post earnings per share of 3.57 for the current fiscal year.

Analysts set new price targets

URBN has been the subject of several recent research reports. UBS Group raised their price objective on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28. Telsey Advisory Group raised their price objective on Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22. BMO Capital Markets raised their price objective on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29. Morgan Stanley raised their price objective on Urban Outfitters from $39.00 to $40.00 and gave the stock an “equalweight” rating in a research report on Thursday, May 23. Finally, StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has an average rating of “Hold” and an average target price of $43.00.

Read our latest stock analysis on URBN

About Urban Outfitters

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Urban Outfitters, Inc engages in the retail and wholesale business of general consumer products. The company operates in three segments: retail, wholesale and Nuuly. It operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, sportswear, intimates, shoes, accessories, home goods, electronics and beauty products for young adults ages 18 to 28; and Anthropologie stores selling women’s clothing, accessories, intimates, shoes and home furnishings, as well as gifts, decorative items and beauty and wellness products for women ages 28 to 45.

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