Urban Outfitters (NASDAQ:URBN) Shares Up 5.8% – Still a Buy?

Urban Outfitters, Inc. (NASDAQ:URBN) rose 5.8% during trading on Monday . The stock traded as high as $78.27 and last traded at $78.40. Approximately 2,256,132 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 2,138,321 shares. The stock had previously closed at $74.07.

Analysts Set New Price Targets

A number of research firms have weighed in on URBN. Wall Street Zen cut Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday. UBS Group upped their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research report on Wednesday, October 8th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Bank of America raised their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.36.

Urban Outfitters Stock Up 5.7%

The firm has a market capitalization of $7.02 billion, a P/E ratio of 15.29, a PEG ratio of 1.04 and a beta of 1.28. The business’s 50-day simple moving average is $67.55 and its 200 day simple moving average is $70.44.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the transaction, the director directly owned 14,250 shares of the company’s stock, valued at $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 3,400 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total transaction of $237,218.00. Following the completion of the transaction, the chief executive officer owned 10,077 shares in the company, valued at $703,072.29. The trade was a 25.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 84,400 shares of company stock valued at $6,123,938 over the last three months. 31.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Outfitters by 21.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,912 shares of the apparel retailer’s stock valued at $939,000 after buying an additional 3,191 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 687 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Urban Outfitters by 2.0% during the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock valued at $545,000 after purchasing an additional 203 shares during the last quarter. Vestcor Inc purchased a new position in shares of Urban Outfitters during the first quarter valued at approximately $343,000. Finally, Natixis Advisors LLC boosted its holdings in Urban Outfitters by 55.3% in the first quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer’s stock worth $1,256,000 after purchasing an additional 8,542 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

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.