Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $49.48 and last traded at $48.79, with a volume of 1020331 shares. The stock had previously closed at $47.49.
Wall Street Analyst Weigh In
URBN has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an "equal weight" rating in a report on Wednesday. Robert W. Baird raised their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Thursday. BMO Capital Markets reduced their price target on Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a "market perform" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of "Hold" and a consensus target price of $46.27.
Get Our Latest Analysis on Urban Outfitters
Urban Outfitters Stock Performance
The company has a market capitalization of $4.50 billion, a PE ratio of 13.96, a PEG ratio of 1.08 and a beta of 1.50. The stock has a fifty day moving average of $37.88 and a 200 day moving average of $40.21.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.82 by $0.28. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.79 EPS for the current year.
Insider Activity
In related news, CEO Tricia D. Smith sold 11,730 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 31.80% of the company's stock.
Institutional Trading of Urban Outfitters
A number of large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its position in Urban Outfitters by 7.6% in the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock worth $1,315,000 after acquiring an additional 2,527 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock valued at $56,765,000 after purchasing an additional 18,249 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Urban Outfitters by 367.0% in the 3rd quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer's stock worth $974,000 after purchasing an additional 19,982 shares during the period. Zacks Investment Management increased its position in shares of Urban Outfitters by 10.4% during the 3rd quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer's stock valued at $1,671,000 after purchasing an additional 4,092 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Urban Outfitters during the 3rd quarter valued at $3,894,000. 77.61% of the stock is currently owned by institutional investors.
About Urban Outfitters
(
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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.
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