Urban Outfitters (NASDAQ:URBN) Shares Down 19.2% – Time to Sell?

Urban Outfitters, Inc. (NASDAQ:URBN)’s share price traded down 19.2% on Thursday . The company traded as low as $45.72 and last traded at $44.77. 702,094 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,784,514 shares. The stock had previously closed at $55.42.

Wall Street Analyst Weigh In

URBN has been the topic of a number of analyst reports. UBS Group raised their target price on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Finally, Barclays upped their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.00.

Urban Outfitters Trading Up 3.0 %

The business has a fifty day moving average price of $53.81 and a two-hundred day moving average price of $48.07. The firm has a market capitalization of $4.30 billion, a PE ratio of 13.36, a PEG ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,976 shares of company stock worth $5,573,263. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC raised its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP boosted its holdings in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the period. Smartleaf Asset Management LLC grew its stake in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after purchasing an additional 470 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.