Urban Outfitters (NASDAQ:URBN) Sets New 12-Month High - What's Next?

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $75.98 and last traded at $75.54, with a volume of 638563 shares. The stock had previously closed at $72.14.

Analysts Set New Price Targets

A number of brokerages have issued reports on URBN. Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and raised their price target for the stock from $50.00 to $70.00 in a report on Friday, June 6th. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Morgan Stanley upped their target price on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $63.00 to $78.00 in a research report on Thursday, May 22nd. Finally, Citigroup dropped their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Urban Outfitters presently has a consensus rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Stock Up 3.4%

The company has a market cap of $6.69 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The business's 50 day moving average price is $69.29 and its 200-day moving average price is $58.84.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. Urban Outfitters's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Melanie Marein-Efron sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the completion of the sale, the chief financial officer directly owned 5,036 shares in the company, valued at approximately $369,440.96. The trade was a 79.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Azeez Hayne sold 12,856 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total value of $938,488.00. 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 in the last quarter. Corporate insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Urban Outfitters by 98.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 63,371 shares of the apparel retailer's stock valued at $4,597,000 after acquiring an additional 31,359 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Urban Outfitters during the second quarter worth approximately $117,000. Bosman Wealth Management LLC bought a new stake in shares of Urban Outfitters during the second quarter worth approximately $3,035,000. Janney Montgomery Scott LLC raised its stake in shares of Urban Outfitters by 32.1% during the second quarter. Janney Montgomery Scott LLC now owns 27,584 shares of the apparel retailer's stock worth $2,001,000 after buying an additional 6,698 shares during the last quarter. Finally, Rezny Wealth Management Inc. raised its stake in shares of Urban Outfitters by 1.4% during the second quarter. Rezny Wealth Management Inc. now owns 28,698 shares of the apparel retailer's stock worth $2,082,000 after buying an additional 385 shares during the last quarter. 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.

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