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

by · The Cerbat Gem

Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $55.87 and last traded at $55.80, with a volume of 976014 shares trading hands. The stock had previously closed at $53.74.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays raised their price target on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. Finally, Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus target price of $46.27.

Read Our Latest Analysis on URBN

Urban Outfitters Price Performance

The stock’s 50 day moving average is $42.02 and its two-hundred day moving average is $41.24. The stock has a market capitalization of $5.14 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its stake in Urban Outfitters by 6.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,793 shares of the apparel retailer’s stock worth $320,000 after purchasing an additional 505 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Urban Outfitters by 45.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,144 shares of the apparel retailer’s stock valued at $334,000 after purchasing an additional 2,546 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after purchasing an additional 531 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Urban Outfitters by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the apparel retailer’s stock worth $1,170,000 after buying an additional 500 shares during the last quarter. Finally, Bailard Inc. boosted its holdings in shares of Urban Outfitters by 52.1% in the 2nd quarter. Bailard Inc. now owns 7,300 shares of the apparel retailer’s stock valued at $300,000 after buying an additional 2,500 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

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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