Urban Outfitters (NASDAQ:URBN) Stock Price Up 4.3% - Still a Buy?

Key Points

• Urban Outfitters shares rose 4.3% to $90.29, although trading volume was 98% below the average session volume.
• Analyst sentiment remains moderately positive: nine analysts rate the stock a Buy and eight rate it a Hold, with an average price target of $90.54.
• The company’s latest quarter showed solid performance, with revenue up 10.4% year over year to $1.66 billion and EPS of $1.72. However, insiders have sold 14,200 shares worth approximately $1.16 million over the past 90 days.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) shot up 4.3% during mid-day trading on Monday. The company traded as high as $88.56 and last traded at $90.29. Approximately 25,814 shares traded hands during trading, a decline of 98% from the average session volume of 1,341,675 shares. The stock had previously closed at $86.55.

Analyst Ratings Changes

A number of equities analysts recently commented on URBN shares. Wall Street Zen cut Urban Outfitters from a "buy" rating to a "hold" rating in a report on Monday, August 31st. Weiss Ratings upgraded Urban Outfitters from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, October 20th. Barclays upped 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. Jefferies Financial Group boosted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. Finally, Zacks Research lowered Urban Outfitters from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Urban Outfitters has an average rating of "Moderate Buy" and an average price target of $90.54.

Urban Outfitters Stock Up 5.2%

The firm has a fifty day moving average price of $79.37 and a 200-day moving average price of $74.90. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.35 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, meeting analysts' consensus estimates of $1.72. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Equities research analysts anticipate that Urban Outfitters, Inc. will post 6.20 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $87.06, for a total value of $435,300.00. Following the completion of the transaction, the director directly owned 494,315 shares of the company's stock, valued at $43,035,063.90. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tricia D. Smith sold 3,500 shares of the company's 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 completion of the sale, the chief executive officer owned 30,112 shares in the company, valued at approximately $2,287,006.40. This represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,200 shares of company stock worth $1,161,400. 32.10% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Signaturefd LLC increased its stake in shares of Urban Outfitters by 72.4% in the 3rd quarter. Signaturefd LLC now owns 1,698 shares of the apparel retailer's stock valued at $130,000 after acquiring an additional 713 shares during the last quarter. James Investment Research Inc. lifted its holdings in Urban Outfitters by 8.4% during the third quarter. James Investment Research Inc. now owns 13,214 shares of the apparel retailer's stock worth $1,009,000 after acquiring an additional 1,025 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Urban Outfitters by 8.4% in the third quarter. Yousif Capital Management LLC now owns 15,120 shares of the apparel retailer's stock valued at $1,155,000 after buying an additional 1,169 shares during the period. Root Financial Partners LLC bought a new position in Urban Outfitters during the 3rd quarter worth about $38,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at about $1,030,000. 77.61% of the stock is owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.

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