Urban Outfitters (NASDAQ:URBN) Hits New 52-Week High – Here’s Why

Urban Outfitters, Inc. (NASDAQ:URBN) hit a new 52-week high on Friday . The stock traded as high as $49.48 and last traded at $48.79, with a volume of 1020331 shares trading hands. The stock had previously closed at $47.49.

Analyst Ratings Changes

Several equities research analysts recently issued reports on URBN shares. Wells Fargo & Company lifted their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Thursday. Telsey Advisory Group lifted their price target on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Barclays boosted their target price on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Performance

The stock has a market capitalization of $4.50 billion, a P/E ratio of 13.61, a PEG ratio of 1.08 and a beta of 1.50. The firm has a fifty day moving average price of $37.64 and a two-hundred day moving average price of $40.16.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.82 by $0.28. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently bought and sold shares of URBN. QRG Capital Management Inc. grew its position in shares of Urban Outfitters by 2.4% during the second quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock valued at $383,000 after purchasing an additional 221 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after purchasing an additional 258 shares in the last quarter. Quarry LP grew its position in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. Signaturefd LLC grew its position in shares of Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after purchasing an additional 299 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors 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.