Urban Outfitters (NASDAQ:URBN) Trading Up 3.4% - Time to Buy?

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) shares rose 3.4% during trading on Friday . The stock traded as high as $43.65 and last traded at $46.76. Approximately 813,910 shares were traded during trading, a decline of 55% from the average daily volume of 1,803,525 shares. The stock had previously closed at $45.24.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on URBN shares. Robert W. Baird raised their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Barclays raised their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $55.55.

Urban Outfitters Stock Up 16.7 %

The company has a 50-day moving average price of $52.95 and a 200 day moving average price of $48.40. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Equities analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares of the company's stock, valued at approximately $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,976 shares of company stock valued at $5,573,263. 31.80% of the stock is owned by insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital CS Group LLC acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $312,000. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 6,955.7% during the first quarter. GAMMA Investing LLC now owns 53,553 shares of the apparel retailer's stock worth $2,806,000 after acquiring an additional 52,794 shares in the last quarter. 111 Capital acquired a new position in shares of Urban Outfitters in the fourth quarter valued at approximately $289,000. Wealth Enhancement Advisory Services LLC increased its holdings in Urban Outfitters by 18.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,065 shares of the apparel retailer's stock worth $497,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in Urban Outfitters in the 4th quarter valued at approximately $3,699,000. Institutional investors and hedge funds own 77.61% of the company's stock.

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.