Urban Outfitters (NASDAQ:URBN) Reaches New 12-Month High – What’s Next?

Urban Outfitters, Inc. (NASDAQ:URBN)’s stock price reached a new 52-week high on Friday . The stock traded as high as $52.86 and last traded at $52.77, with a volume of 71589 shares. The stock had previously closed at $51.77.

Analysts Set New Price Targets

URBN has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Robert W. Baird increased their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group lowered 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Up 0.8 %

The company has a market cap of $4.82 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The company’s 50-day moving average is $40.29 and its two-hundred day moving average is $40.82.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm 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 posted $0.88 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Urban Outfitters, Inc. will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of URBN. Blue Trust Inc. boosted its position in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP raised its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters during the 2nd quarter worth $42,000. Meeder Asset Management Inc. bought a new stake in Urban Outfitters during the second quarter worth about $48,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. 77.61% of the stock is currently 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.