Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $73.13 and traded as high as $81.37. Urban Outfitters shares last traded at $80.96, with a volume of 718,253 shares changing hands.
Wall Street Analyst Weigh In
URBN has been the topic of several recent analyst reports. Jefferies Financial Group upped their price target on Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Citigroup reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Friday, August 28th. Barclays increased their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.
Read Our Latest Stock Analysis on Urban Outfitters
Urban Outfitters Stock Up 1.5%
Urban Outfitters (NASDAQ:URBN – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. Urban Outfitters’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. Sell-side analysts predict that Urban Outfitters, Inc. will post 6.20 EPS for the current fiscal year.
Insider Buying and Selling
In other Urban Outfitters news, CEO Tricia Smith sold 3,500 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $75.95, for a total value of $265,825.00. Following the transaction, the chief executive officer directly owned 30,112 shares in the company, valued at $2,287,006.40. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Melanie Marein-Efron sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the sale, the chief financial officer directly owned 11,323 shares in the company, valued at approximately $914,332.25. The trade was a 33.48% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 32.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in URBN. BlackRock Inc. acquired a new stake in Urban Outfitters in the second quarter valued at about $615,160,000. Bank of America Corp DE purchased a new position in shares of Urban Outfitters during the 2nd quarter worth approximately $33,414,000. Bank of New York Mellon Corp acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $26,280,000. Dimensional Fund Advisors LP boosted its stake in shares of Urban Outfitters by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after buying an additional 338,622 shares in the last quarter. Finally, J. Goldman & Co LP acquired a new position in Urban Outfitters during the second quarter worth $21,836,000. Institutional investors and hedge funds own 77.61% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.
The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.
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