Urban Outfitters (NASDAQ:URBN) Trading Up 5.3% – Should You Buy?

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) shot up 5.3% on Monday . The stock traded as high as $51.34 and last traded at $51.31. 976,452 shares traded hands during trading, a decline of 43% from the average session volume of 1,707,683 shares. The stock had previously closed at $48.73.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on URBN. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird increased 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. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Morgan Stanley increased their target price on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Bank of America increased their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Up 3.6 %

The business has a 50-day moving average price of $37.88 and a two-hundred day moving average price of $40.19. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.79 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in URBN. Price T Rowe Associates Inc. MD lifted its holdings in Urban Outfitters by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock worth $1,442,000 after purchasing an additional 2,307 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Urban Outfitters by 5.8% in the 1st quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock valued at $807,000 after acquiring an additional 1,016 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Urban Outfitters by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares in the last quarter. CWM LLC raised its holdings in shares of Urban Outfitters by 165.6% in the 2nd quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock valued at $86,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $582,000. Hedge funds and other 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.