Traders Purchase High Volume of Urban Outfitters Put Options (NASDAQ:URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) saw unusually large options trading on Thursday. Stock traders acquired 5,064 put options on the company. This is an increase of approximately 152% compared to the average volume of 2,007 put options.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $74.94, for a total value of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,995,938 shares in the company, valued at $1,348,615,593.72. This represents a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 598,168 shares of company stock worth $45,325,456 over the last quarter. Insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Urban Outfitters in the third quarter valued at $25,000. Hollencrest Capital Management purchased a new stake in Urban Outfitters during the 2nd quarter worth about $26,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 326 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its position in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

URBN has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Barclays raised their price target on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Robert W. Baird set a $93.00 price objective on Urban Outfitters in a report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.67.

Urban Outfitters Stock Performance

URBN stock traded down $0.56 during mid-day trading on Thursday, reaching $69.57. The company had a trading volume of 156,821 shares, compared to its average volume of 1,510,235. The firm has a fifty day simple moving average of $74.38 and a 200 day simple moving average of $71.99. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. Urban Outfitters has a fifty-two week low of $41.89 and a fifty-two week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion for the quarter. As a group, analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.