Urban Outfitters (NASDAQ:URBN) Sets New 52-Week High – What’s Next?

Urban Outfitters, Inc. (NASDAQ:URBN)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.86 and last traded at $52.77, with a volume of 71589 shares. The stock had previously closed at $51.77.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on URBN shares. Barclays upped their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. BMO Capital Markets cut their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd. Robert W. Baird raised their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Bank of America upped their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group lifted their target price on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Up 1.3 %

The stock has a market capitalization of $4.84 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.10 and a beta of 1.60. The stock’s 50 day moving average price is $40.59 and its 200-day moving average price is $40.88.

Urban Outfitters (NASDAQ:URBN) last released 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts anticipate that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Marshall Wace LLP lifted its holdings in shares of Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Urban Outfitters during the third quarter valued at about $8,340,000. Empowered Funds LLC purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at approximately $7,789,000. Finally, Hennessy Advisors Inc. acquired a new stake in Urban Outfitters in the 2nd quarter worth approximately $7,685,000. 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.