Urban Outfitters (NASDAQ:URBN) Trading 4.1% Higher

Urban Outfitters, Inc. (NASDAQ:URBN) shares shot up 4.1% on Monday . The stock traded as high as $37.49 and last traded at $37.49. 75,390 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,739,315 shares. The stock had previously closed at $36.03.

Analysts Set New Price Targets

Several equities analysts have commented on URBN shares. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. UBS Group lifted their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Jefferies Financial Group decreased their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Morgan Stanley dropped their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company cut their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Trading Up 2.1 %

The company has a market cap of $3.43 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.50. The company has a fifty day moving average price of $41.05 and a two-hundred day moving average price of $41.41.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.63 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently bought and sold shares of the business. Marshall Wace LLP grew its holdings in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. Vanguard Group Inc. increased its position in Urban Outfitters by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock valued at $273,835,000 after acquiring an additional 674,790 shares in the last quarter. Woodson Capital Management LP bought a new position in shares of Urban Outfitters in the first quarter worth about $27,233,000. Goldman Sachs Group Inc. lifted its position in shares of Urban Outfitters by 82.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after purchasing an additional 470,323 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $16,314,000. Institutional investors own 77.61% of the company’s stock.

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.