Urban Outfitters (NASDAQ:URBN) Reaches New 1-Year High – Here’s What Happened

Urban Outfitters, Inc. (NASDAQ:URBN)’s share price reached a new 52-week high on Thursday . The stock traded as high as $56.48 and last traded at $56.35, with a volume of 270694 shares trading hands. The stock had previously closed at $54.88.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on URBN shares. Wells Fargo & Company lifted their price target 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. Robert W. Baird lifted their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Finally, StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average price target of $46.27.

Urban Outfitters Stock Up 1.2 %

The business’s fifty day moving average is $46.19 and its two-hundred day moving average is $42.22. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion during 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 posted $0.88 earnings per share. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Institutional Trading of Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the last quarter. Quarry LP increased its holdings in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $42,000. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters in the third quarter valued at approximately $47,000. 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.