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

Urban Outfitters, Inc. (NASDAQ:URBN) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 10,730,000 shares, a growth of 14.0% from the December 15th total of 9,410,000 shares. Approximately 17.4% of the company’s stock are sold short. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is presently 4.2 days.

Hedge funds have recently made changes to their positions in the stock. Kistler Tiffany Companies LLC increased its stake in Urban Outfitters by 34.5% during the 4th quarter. Kistler Tiffany Companies LLC now owns 1,558 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 400 shares in the last quarter. Masters Capital Management LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter worth $5,618,000. Millennium Management LLC raised its stake in shares of Urban Outfitters by 201.1% in the third quarter. Millennium Management LLC now owns 45,161 shares of the apparel retailer’s stock worth $1,268,000 after purchasing an additional 30,161 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Urban Outfitters by 6.2% in the third quarter. Disciplined Growth Investors Inc. MN now owns 954,989 shares of the apparel retailer’s stock worth $26,826,000 after purchasing an additional 55,827 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Urban Outfitters by 1,517.1% in the third quarter. Point72 Asset Management L.P. now owns 557,760 shares of the apparel retailer’s stock worth $15,667,000 after purchasing an additional 523,269 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors.

NASDAQ URBN opened at $26.46 on Wednesday. Urban Outfitters has a 12 month low of $19.63 and a 12 month high of $34.24. The stock has a market cap of $2.59 billion, a P/E ratio of 9.62, a P/E/G ratio of 1.20 and a beta of 0.74. The stock’s fifty day moving average price is $26.96 and its 200-day moving average price is $25.61. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 0.78.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $987.47 million during the quarter, compared to analysts’ expectations of $1 billion. Urban Outfitters had a return on equity of 16.67% and a net margin of 5.96%. Urban Outfitters’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. As a group, analysts forecast that Urban Outfitters will post 2.14 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Deutsche Bank lowered their target price on Urban Outfitters from $28.00 to $26.00 in a research note on Wednesday, November 27th. B. Riley reiterated a “hold” rating and issued a $23.00 price objective on shares of Urban Outfitters in a report on Friday, January 10th. Morgan Stanley reissued a “buy” rating and set a $32.00 price objective (down previously from $34.00) on shares of Urban Outfitters in a research report on Thursday, November 21st. Barclays reissued a “neutral” rating on shares of Urban Outfitters in a research report on Thursday, November 21st. Finally, Loop Capital cut shares of Urban Outfitters from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a report on Monday, December 16th. Fifteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $28.56.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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