Urban Outfitters (NASDAQ:URBN) Reaches New 52-Week High – Should You Buy?

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) reached a new 52-week high during trading on Friday . The company traded as high as $55.87 and last traded at $55.80, with a volume of 976014 shares traded. The stock had previously closed at $53.74.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on URBN shares. Bank of America upped their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group reduced their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Citigroup raised 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 report on Wednesday, November 27th. Finally, Morgan Stanley raised their price objective on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Price Performance

The business’s 50 day moving average price is $42.02 and its 200 day moving average price is $41.24. The firm has a market cap of $5.14 billion, a PE ratio of 15.96, a PEG ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Urban Outfitters by 6.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,793 shares of the apparel retailer’s stock worth $320,000 after purchasing an additional 505 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Urban Outfitters by 45.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,144 shares of the apparel retailer’s stock worth $334,000 after acquiring an additional 2,546 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Urban Outfitters by 5.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after acquiring an additional 531 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Urban Outfitters by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the apparel retailer’s stock worth $1,170,000 after acquiring an additional 500 shares during the period. Finally, Bailard Inc. grew its holdings in shares of Urban Outfitters by 52.1% in the second quarter. Bailard Inc. now owns 7,300 shares of the apparel retailer’s stock valued at $300,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.