Urban Outfitters (NASDAQ:URBN) Reaches New 1-Year High - Here's Why

Key Points

• Urban Outfitters' stock reached a new **52-week high** of $78.84, closing at $77.66 with a trading volume of 138,827 shares.
• Analysts have increased their target prices for Urban Outfitters, with projections ranging from **$70** to **$88**, reflecting strong expectations for the company's growth.
• CEO Tricia D. Smith and CFO Melanie Marein-Efron recently sold a combined total of **24,500 shares** of the company, indicating significant insider selling activities.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $78.84 and last traded at $77.66, with a volume of 138827 shares trading hands. The stock had previously closed at $76.21.

Analyst Ratings Changes

URBN has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $78.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Barclays raised their target price on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. UBS Group raised their target price on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Urban Outfitters Trading Up 1.8%

The company has a market capitalization of $7.10 billion, a PE ratio of 16.59, a PEG ratio of 1.37 and a beta of 1.44. The firm's 50-day simple moving average is $72.06 and its 200-day simple moving average is $60.49.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 12,856 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the transaction, the director owned 480,296 shares in the company, valued at $35,613,948.40. The trade was a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 over the last 90 days. 31.80% of the stock is currently owned by insiders.

Institutional Trading of Urban Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. increased its stake in shares of Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer's stock worth $34,000 after acquiring an additional 301 shares during the period. Whipplewood Advisors LLC increased its stake in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares during the period. Federated Hermes Inc. increased 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. Virtus Advisers LLC acquired a new stake in shares of Urban Outfitters in the first quarter worth $46,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Urban Outfitters during the first quarter worth $52,000. Institutional investors and hedge funds 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.