Urban Outfitters (NASDAQ:URBN) Reaches New 1-Year High – Should You Buy?

Urban Outfitters, Inc. (NASDAQ:URBN) reached a new 52-week high during trading on Wednesday . The company traded as high as $59.05 and last traded at $56.69, with a volume of 1527924 shares changing hands. The stock had previously closed at $58.44.

Analysts Set New Price Targets

A number of brokerages have weighed in on URBN. Barclays lifted their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Down 3.0 %

The stock has a 50-day moving average price of $47.03 and a 200 day moving average price of $42.36. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.10 and a beta of 1.55.

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

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP raised its position in shares of Urban Outfitters by 116.3% during the 2nd 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. increased its stake in Urban Outfitters by 20.5% in the second 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 during the last quarter. Cerity Partners LLC acquired a new stake in Urban Outfitters during the third quarter worth approximately $8,340,000. Empowered Funds LLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth approximately $7,789,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $7,238,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.