Urban Outfitters (NASDAQ:URBN) Hits New 1-Year High - Should You Buy?

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $56.04 and last traded at $55.83, with a volume of 448683 shares traded. The stock had previously closed at $54.55.

Analysts Set New Price Targets

A number of research firms recently issued reports on URBN. Robert W. Baird lifted their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Barclays lifted their price target on Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $46.27.

Urban Outfitters Stock Performance

The stock's 50-day simple moving average is $43.80 and its two-hundred day simple moving average is $41.70. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.88 EPS. The company's revenue was up 6.3% on a year-over-year basis. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Institutional Trading of Urban Outfitters

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in Urban Outfitters by 21.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 15,582 shares of the apparel retailer's stock worth $640,000 after buying an additional 2,740 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Urban Outfitters by 5.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,775 shares of the apparel retailer's stock valued at $524,000 after purchasing an additional 668 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Urban Outfitters by 27.0% in the second quarter. Panagora Asset Management Inc. now owns 420,930 shares of the apparel retailer's stock valued at $17,279,000 after purchasing an additional 89,411 shares in the last quarter. Innealta Capital LLC bought a new position in Urban Outfitters in the second quarter worth $70,000. Finally, Signaturefd LLC boosted its stake in Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer's stock worth $92,000 after buying an additional 299 shares in the last quarter. 77.61% of the stock is owned by 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.