Urban Outfitters (NASDAQ:URBN) Sets New 12-Month High – Here’s Why

Urban Outfitters, Inc. (NASDAQ:URBN) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $59.05 and last traded at $56.69, with a volume of 1527924 shares. The stock had previously closed at $58.44.

Analysts Set New Price Targets

A number of analysts recently issued reports on URBN shares. Robert W. Baird upped 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. Wells Fargo & Company increased their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Bank of America lifted their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Down 3.0 %

The stock has a market capitalization of $5.23 billion, a PE ratio of 16.24, a PEG ratio of 1.10 and a beta of 1.55. The firm’s fifty day moving average is $47.03 and its 200-day moving average is $42.36.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of Urban Outfitters by 138.8% in the 3rd 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. Quarry LP grew its position in Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters in the second quarter valued at about $42,000. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth approximately $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.