(NASDAQ:URBN) shares saw heavy trading volume with 11,475K shares changing hands on Tuesday. Trading volume was up 235.24% over the stocks average daily volume.
Investors are a little more bearish on shares of Urban Outfitters Inc of late if you take note of the change in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 7.57%. Short shares grew 1,654,497 over that period. Days to cover decreased 0.0 to 10.0 and the short interest percentage is 0.22% as of October 13.
The following firms have recently changed their position in URBN. As of the end of the quarter Disciplined Growth Investors Inc /mn had disposed of 7,550 shares trimming its holdings by 0.8%. The value in dollars increased from $17,242,000 to $22,047,000 a change of 27.9% for the reporting period. Lord, Abbett & Co. LLC augmented its position by buying 25,013 shares an increase of 1.4% from 06/30/2017 to 09/30/2017. Lord, Abbett & Co. LLC owns 1,854,980 shares valued at $44,334,000. The total value of its holdings increased 30.7%.
State Street Corp reduced its investment by selling 163,192 shares a decrease of 6.3% in the quarter. State Street Corp controls 2,426,868 shares with a value of $58,006,000. The value of the position overall is up by 20.8%. As of quarter end Public Employees Retirement System Of Ohio had sold a total of 1,172 shares trimming its stake by 0.9%. The value of the investment in Urban Outfitters Inc went from $2,349,000 to $3,000,000 a change of $651,000 quarter over quarter.
November 1 investment analysts at Robert W. Baird maintained a company rating of “Buy” with a current price target of $24.00. On October 30, 2017 Royal Bank Of Canada released guidance on URBN stating a rating of “Hold” and setting a price target of $21.00.
On September 28 Jefferies Group LLC made no change to the stock rating of “Buy” targeting a price of $25.00.
On September 18 Royal Bank Of Canada kept the stock rating at “Hold” projecting a price of $21.00. BMO Capital Markets released a research note on URBN and giving a rating of “Hold” and establishing a price target of $20.00.
The company is up since yesterday’s close of 29.32. The company currently has a P/E ratio of 19.91 and the market value is 3.28B. As of the latest earnings report the EPS was $1.50 with 108.25M shares outstanding.
Urban Outfitters, Inc., launched on August 06, 1976, is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Business’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Retail segment also includes Vetri Family, which operates restaurants under the names Amis, Alla Spina, Lo Spiedo, Pizzeria Vetri and Osteria. Its Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young women’s contemporary casual apparel and shoes through individual and chain specialty stores and department stores..