Urban Outfitters (NASDAQ:URBN) Shares Up 4.1%

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report)'s share price shot up 4.1% on Monday . The stock traded as high as $37.49 and last traded at $37.49. 75,390 shares were traded during trading, a decline of 96% from the average session volume of 1,739,315 shares. The stock had previously closed at $36.03.

Analyst Ratings Changes

A number of analysts recently commented on URBN shares. Robert W. Baird lifted their price objective on Urban Outfitters from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 22nd. Morgan Stanley decreased their price objective on Urban Outfitters from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, August 22nd. UBS Group upped their target price on Urban Outfitters from $43.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday, May 28th. Barclays reduced their target price on Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group cut Urban Outfitters from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $49.00 to $44.00 in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Urban Outfitters currently has an average rating of "Hold" and an average target price of $42.30.

Urban Outfitters Stock Performance

The firm has a fifty day moving average of $40.91 and a 200-day moving average of $41.38. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 0.85 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.24. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. On average, analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company's stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the sale, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by insiders.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Urban Outfitters by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the apparel retailer's stock worth $37,523,000 after purchasing an additional 13,246 shares during the period. BNP Paribas Financial Markets raised its stake in Urban Outfitters by 111.9% during the fourth quarter. BNP Paribas Financial Markets now owns 86,332 shares of the apparel retailer's stock worth $3,081,000 after acquiring an additional 45,591 shares during the period. QRG Capital Management Inc. lifted its holdings in Urban Outfitters by 20.5% in the fourth quarter. QRG Capital Management Inc. now owns 9,510 shares of the apparel retailer's stock worth $339,000 after acquiring an additional 1,621 shares during the last quarter. Norges Bank bought a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $16,314,000. Finally, Quest Partners LLC acquired a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $297,000. Institutional investors and hedge funds own 77.61% of the company's stock.

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.