Urban Outfitters (NASDAQ:URBN) Shares Gap Up – Here’s Why

Urban Outfitters, Inc. (NASDAQ:URBN)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $55.01, but opened at $57.45. Urban Outfitters shares last traded at $58.87, with a volume of 238,946 shares trading hands.

Wall Street Analyst Weigh In

URBN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Telsey Advisory Group upped their price target on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 14th. UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, 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 research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Stock Down 2.5 %

The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.25 and a beta of 1.55. The business’s fifty day moving average is $51.25 and its two-hundred day moving average is $43.39.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion for 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%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in URBN. Blue Trust Inc. increased its position in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. Quarry LP increased its holdings in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $42,000. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters in the third quarter valued at approximately $47,000. 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.