Urban Outfitters (NASDAQ:URBN) Sets New 12-Month High on Analyst Upgrade

Urban Outfitters, Inc. (NASDAQ:URBN) hit a new 52-week high during mid-day trading on Monday after StockNews.com upgraded the stock from a hold rating to a buy rating. The company traded as high as $61.16 and last traded at $60.53, with a volume of 1523011 shares traded. The stock had previously closed at $58.19.

URBN has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Telsey Advisory Group lifted their price target on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company upped their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.00.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now owns 510,296 shares of the company’s stock, valued at $29,245,063.76. The trade was a 9.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 31.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of large investors have recently added to or reduced their stakes in URBN. Mackenzie Financial Corp bought a new stake in shares of Urban Outfitters during the 4th quarter worth $216,000. Public Employees Retirement System of Ohio boosted its position in shares of Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock valued at $1,898,000 after purchasing an additional 32,747 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer’s stock worth $7,086,000 after purchasing an additional 19,551 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Urban Outfitters during the 4th quarter worth about $18,513,000. Finally, Two Sigma Investments LP lifted its stake in Urban Outfitters by 50.3% during the fourth quarter. Two Sigma Investments LP now owns 21,302 shares of the apparel retailer’s stock valued at $1,169,000 after buying an additional 7,133 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Price Performance

The firm’s fifty day simple moving average is $55.99 and its 200 day simple moving average is $45.75. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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.