Urban Outfitters (NASDAQ:URBN) Sets New 12-Month High - Here's Why

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $52.86 and last traded at $52.77, with a volume of 71589 shares changing hands. The stock had previously closed at $51.77.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on URBN. Bank of America raised 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. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, December 7th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Barclays lifted their price objective on Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley upped their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. One equities 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's stock. According to MarketBeat, Urban Outfitters has an average rating of "Hold" and an average target price of $46.27.

Urban Outfitters Price Performance

The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The firm has a fifty day simple moving average of $40.59 and a 200 day simple moving average of $40.89.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released 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. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Research analysts predict that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in Urban Outfitters by 165.6% in the 2nd quarter. CWM LLC now owns 2,085 shares of the apparel retailer's stock valued at $86,000 after purchasing an additional 1,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Urban Outfitters by 6.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,793 shares of the apparel retailer's stock valued at $320,000 after buying an additional 505 shares during the last quarter. Leeward Investments LLC MA lifted its stake in shares of Urban Outfitters by 5.6% in the second quarter. Leeward Investments LLC MA now owns 323,870 shares of the apparel retailer's stock worth $13,295,000 after buying an additional 17,202 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Urban Outfitters by 45.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,144 shares of the apparel retailer's stock worth $334,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Urban Outfitters by 5.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer's stock valued at $412,000 after acquiring an additional 531 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.