Urban Outfitters (NASDAQ:URBN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Urban Outfitters, Inc. (NASDAQ:URBN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $44.01 and traded as high as $55.87. Urban Outfitters shares last traded at $55.27, with a volume of 1,556,629 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on URBN. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 14th. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Finally, Robert W. Baird boosted their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $53.64.

Urban Outfitters Trading Up 3.0 %

The firm has a market cap of $5.10 billion, a PE ratio of 15.84, a P/E/G ratio of 1.14 and a beta of 1.54. The business’s 50-day simple moving average is $54.37 and its 200 day simple moving average is $44.01.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% in 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 during the period. GAMMA Investing LLC grew its position in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters in the 2nd quarter valued at about $42,000. Quarry LP increased its holdings in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the 3rd quarter worth about $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

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.