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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) were down 19.2% on Thursday . The stock traded as low as $45.72 and last traded at $44.77. Approximately 702,094 shares traded hands during trading, a decline of 61% from the average daily volume of 1,784,514 shares. The stock had previously closed at $55.42.

Analyst Ratings Changes

A number of brokerages have commented on URBN. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. UBS Group increased their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Barclays increased their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of "Hold" and a consensus price target of $56.00.

Urban Outfitters Trading Down 5.9 %

The company has a market capitalization of $4.01 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The company's 50 day moving average is $53.64 and its 200-day moving average is $48.28.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares of the company's stock, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock valued at $5,573,263 in the last three months. 31.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban Outfitters

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Urban Outfitters by 6,955.7% during the first quarter. GAMMA Investing LLC now owns 53,553 shares of the apparel retailer's stock worth $2,806,000 after acquiring an additional 52,794 shares during the last quarter. 111 Capital bought a new stake in Urban Outfitters in the fourth quarter worth $289,000. Wealth Enhancement Advisory Services LLC boosted its stake in Urban Outfitters by 18.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,065 shares of the apparel retailer's stock worth $497,000 after buying an additional 1,427 shares during the period. Phocas Financial Corp. bought a new position in Urban Outfitters during the fourth quarter valued at $3,699,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Urban Outfitters in the fourth quarter valued at $216,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Outfitters

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.