Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $52.92, but opened at $55.75. Urban Outfitters shares last traded at $55.85, with a volume of 536,396 shares traded.
The apparel retailer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group raised their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, Barclays upped their target price on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.55.
Insider Activity
In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 31.80% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC raised its holdings 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. Steward Partners Investment Advisory LLC raised its holdings in Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after purchasing an additional 250 shares during the last quarter. Natixis Advisors LLC raised its holdings in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock worth $847,000 after purchasing an additional 252 shares during the last quarter. Finally, Quarry LP raised its holdings in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.
Urban Outfitters Stock Up 5.8 %
The firm has a fifty day moving average of $55.78 and a 200-day moving average of $45.34. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.02 and a beta of 1.54.
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.
See Also
- Five stocks we like better than Urban Outfitters
- Canada Bond Market Holiday: How to Invest and Trade
- Do GM Stock Buybacks Make the Stock Buyable For Investors?
- What Does Downgrade Mean in Investing?
- Will Alibaba’s $53B AI Bet Be the Key to Tech Supremacy?
- What Are Dividends? Buy the Best Dividend Stocks
- Builders FirstSource Is Laying the Foundation for a Rebound
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.