Economy

Urban Outfitters, Inc. (URBN) Insider sold 48981 Shares

Urban Outfitters, Inc. (URBN) Insider sold 48981 Shares

(NASDAQ:URBN), 12 have Buy rating, 3 Sell and 19 Hold. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.80 as current ratio and on the opponent side the debt to equity ratio was 0.48 and long-term debt to equity ratio also remained 0.48. The rating was downgraded by M Partners on Monday, February 27 to "Sell". BMO Capital Markets set a $20.00 price objective on Urban Outfitters and gave the stock a "hold" rating in a report on Tuesday, August 8th. Deutsche Bank AG reaffirmed a hold rating and set a $18.00 price target (down from $19.00) on shares of Urban Outfitters in a research report on Friday, August 11th. FBR & Co dropped their price target on Urban Outfitters from $24.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 15th. Urban Outfitters, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that General Counsel and Secretary Hayne Azeez has sold 6,260 shares of Urban Outfitters, Inc. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have given a buy rating to the company. These holdings make up 89.98% of the company's outstanding shares. The company has market cap of $3.06 billion. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $39.29. Shapiro Capital Management Co Inc is the second biggest holder with 9 million shares now valued at 163.67 million whilst Vanguard Group Inc has 6 million shares valued at 119.04 million. The stock's average target of $70.67 is -22.60% below today's ($91.3) share price.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. Urban Outfitters Inc. (NASDAQ:URBN) has a 20-Day average volume of 2.52 Million. This repurchase authorization authorizes the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued. After this sale, 449 common shares of URBN are directly owned by the insider, with total stake valued at $12,527. Sun Life Financial INC purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth $151,000. SHAPIRO CAPITAL MANAGEMENT LLC owned 12.31% of Urban Outfitters, Inc. Advisor Group Inc. now owns 32,251 shares of the apparel retailer's stock valued at $595,000 after buying an additional 338 shares during the period. Bank of Nova Scotia bought a new stake in Urban Outfitters during the 1st quarter worth $251,000. Empirical Finance LLC boosted its position in Urban Outfitters by 0.5% in the 2nd quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Urban Outfitters by 0.4% during the 2nd quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer's stock valued at $1,235,000 after buying an additional 360 shares during the period.

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Urban - a retailer of men's and women's apparel, accessories, and home furnishings and decor merchandise - has a distribution center and an e-commerce fulfillment center in Gap. The Firm operates through two divisions: Retail and Wholesale.


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