Urban Outfitters (NASDAQ:URBN) Trading Up 4.1%

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on URBN shares. Robert W. Baird boosted their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Wells Fargo & Company decreased their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Jefferies Financial Group lowered their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Morgan Stanley reduced their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Finally, BMO Capital Markets lowered their price objective on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $42.30.

Urban Outfitters Trading Up 1.7 %

The firm has a 50-day moving average of $40.91 and a two-hundred day moving average of $41.38. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.85 and a beta of 1.50.

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

Insider Buying and Selling at Urban Outfitters

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

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after purchasing an additional 382,135 shares in the last quarter. Marshall Wace LLP raised its stake in 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 acquiring an additional 1,230,771 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Urban Outfitters by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the apparel retailer’s stock worth $37,523,000 after purchasing an additional 13,246 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Urban Outfitters by 82.6% during the 4th 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. 77.61% of the stock is owned by institutional investors.

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.