By otakuyassine3@gmail.com 
Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $55.87 and last traded at $55.80, with a volume of 976014 shares changing hands. The stock had previously closed at $53.74.
Wall Street Analyst Weigh In
URBN has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.27.
Get Our Latest Research Report on URBN
Urban Outfitters Price Performance
The company has a fifty day moving average price of $42.39 and a 200 day moving average price of $41.32. The company has a market cap of $5.08 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.88 EPS for the current fiscal year.
Hedge Funds Weigh In On Urban Outfitters
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Urban Outfitters by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after buying an additional 2,527 shares in the last quarter. Geode Capital Management LLC grew its position in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Urban Outfitters by 367.0% during the third quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock worth $974,000 after acquiring an additional 19,982 shares in the last quarter. Zacks Investment Management lifted its holdings in shares of Urban Outfitters by 10.4% in the 3rd quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock worth $1,671,000 after acquiring an additional 4,092 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at $3,894,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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