Urban Outfitters (NASDAQ:URBN) Stock Price Down 19.2% – Should You Sell?

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) fell 19.2% on Thursday . The stock traded as low as $45.72 and last traded at $44.77. 702,094 shares traded hands during 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 lifted their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Barclays lifted their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. 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. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.00.

Urban Outfitters Trading Down 18.6 %

The firm has a 50 day moving average of $54.32 and a two-hundred day moving average of $48.02. The company has a market cap of $4.16 billion, a PE ratio of 12.92, a P/E/G ratio of 1.02 and a beta of 1.56.

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

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred 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 sale, the director now owns 15,450 shares of the company’s stock, valued at $902,898. This represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,976 shares of company stock worth $5,573,263 over the last 90 days. 31.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. 111 Capital bought a new position in shares of Urban Outfitters during the 4th quarter valued at $289,000. Wealth Enhancement Advisory Services LLC boosted its position in Urban Outfitters by 18.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,065 shares of the apparel retailer’s stock worth $497,000 after purchasing an additional 1,427 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Urban Outfitters during the 4th quarter valued at about $3,699,000. Mackenzie Financial Corp purchased a new stake in shares of Urban Outfitters during the 4th quarter valued at about $216,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock worth $1,898,000 after purchasing an additional 32,747 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.