Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $60.57 and last traded at $60.44, with a volume of 3273683 shares traded. The stock had previously closed at $55.01.
Analyst Ratings Changes
Several brokerages have recently weighed in on URBN. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America upped their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $41.00 to $63.00 in a research report on Tuesday. Citigroup upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $53.64.
Get Our Latest Stock Analysis on Urban Outfitters
Urban Outfitters Stock Performance
The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.14 and a beta of 1.55. The stock's 50 day simple moving average is $50.86 and its 200-day simple moving average is $43.28.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly 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 net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $0.88 EPS. Urban Outfitters's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect that Urban Outfitters, Inc. will post 3.9 EPS for the current fiscal year.
Insider Transactions at Urban Outfitters
In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the sale, the director now owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 31.80% of the company's stock.
Institutional Trading of Urban Outfitters
Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV boosted its holdings in Urban Outfitters by 41.8% during the fourth quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock worth $162,000 after buying an additional 872 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Urban Outfitters during the fourth quarter worth $219,000. Hennessy Advisors Inc. boosted its holdings in Urban Outfitters by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 225,200 shares of the apparel retailer's stock worth $12,359,000 after buying an additional 14,400 shares in the last quarter. Friedenthal Financial purchased a new stake in Urban Outfitters during the fourth quarter worth $765,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Urban Outfitters by 17,631.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock worth $1,966,000 after buying an additional 35,615 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.
About Urban Outfitters
(
Get Free Report)
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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