Urban Outfitters Target of Unusually Large Options Trading (NASDAQ:URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) was the target of some unusual options trading on Thursday. Stock investors acquired 5,064 put options on the company. This is an increase of 152% compared to the typical volume of 2,007 put options.

Urban Outfitters Stock Performance

URBN stock traded down $0.56 during midday trading on Thursday, reaching $69.57. The stock 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 two-hundred day simple moving average of $71.99. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $84.35. The stock has a market cap of $6.24 billion, a PE ratio of 13.11, a P/E/G ratio of 0.99 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The business had revenue of $1.53 billion for the quarter. On average, sell-side analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $663,856.29. Following the sale, the insider owned 1,987,950 shares of the company’s stock, valued at approximately $141,402,883.50. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total value of $758,743.71. Following the completion of the transaction, the chief executive officer directly owned 17,511,209 shares of the company’s stock, valued at approximately $1,245,572,296.17. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 598,168 shares of company stock valued at $45,325,456 over the last quarter. Company insiders own 31.60% of the company’s stock.

Institutional Trading of Urban Outfitters

Several large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH raised its position in shares of Urban Outfitters by 316.5% in the third quarter. Allianz Asset Management GmbH now owns 187,660 shares of the apparel retailer’s stock valued at $13,405,000 after buying an additional 142,600 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new stake in Urban Outfitters during the 3rd quarter valued at about $5,917,000. Oak Harvest Investment Services raised its holdings in Urban Outfitters by 203.1% in the 3rd quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock valued at $2,165,000 after acquiring an additional 20,313 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Urban Outfitters by 17.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer’s stock worth $19,983,000 after purchasing an additional 41,559 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Urban Outfitters by 134.9% during the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after purchasing an additional 11,894 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URBN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Finally, Citigroup raised their price objective on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.67.

About Urban Outfitters

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.