Urban Outfitters, Inc. (NASDAQ:URBN)’s share price hit a new 52-week high and low on Thursday . The stock traded as low as $39.32 and last traded at $39.07, with a volume of 1558523 shares changing hands. The stock had previously closed at $38.23.
URBN has been the subject of several analyst reports. Robert W. Baird restated a “buy” rating and set a $35.00 price target on shares of Urban Outfitters in a report on Friday, December 15th. KeyCorp restated a “buy” rating on shares of Urban Outfitters in a report on Friday, December 15th. Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of Urban Outfitters in a report on Monday, December 18th. Telsey Advisory Group raised their price target on Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus target price of $31.88.
The stock has a market capitalization of $4,187.09, a PE ratio of 23.34, a PEG ratio of 1.42 and a beta of 0.54.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. analysts forecast that Urban Outfitters, Inc. will post 2.27 EPS for the current fiscal year.
In other Urban Outfitters news, COO Calvin Hollinger sold 17,397 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $35.25, for a total value of $613,244.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Azeez Hayne sold 11,421 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $35.49, for a total value of $405,331.29. The disclosure for this sale can be found here. Insiders sold 192,665 shares of company stock worth $6,938,717 over the last three months. Insiders own 25.90% of the company’s stock.
Large investors have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in shares of Urban Outfitters during the 4th quarter valued at about $110,000. State of Alaska Department of Revenue purchased a new position in shares of Urban Outfitters during the 4th quarter valued at about $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co purchased a new position in shares of Urban Outfitters during the 4th quarter valued at about $207,000. Finally, Shelton Capital Management purchased a new position in shares of Urban Outfitters during the 4th quarter valued at about $234,000. 76.57% of the stock is currently owned by institutional investors and hedge funds.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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