Urban Outfitters (NASDAQ:URBN) Shares Up 3.4% – Time to Buy?

Urban Outfitters, Inc. (NASDAQ:URBN)’s share price rose 3.4% on Friday . The stock traded as high as $43.65 and last traded at $46.76. Approximately 813,910 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 1,803,525 shares. The stock had previously closed at $45.24.

Analysts Set New Price Targets

A number of brokerages recently issued reports on URBN. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. UBS Group upped their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.00.

Urban Outfitters Trading Up 3.0 %

The stock has a fifty day simple moving average of $53.81 and a two-hundred day simple moving average of $48.15. The company has a market cap of $4.30 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the sale, the director now owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,976 shares of company stock worth $5,573,263 in the last 90 days. 31.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently added to or reduced their stakes in URBN. Jones Financial Companies Lllp lifted its holdings in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after buying an additional 250 shares in the last quarter. Natixis Advisors LLC grew its holdings in Urban Outfitters by 1.7% during the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock valued at $847,000 after buying an additional 252 shares during the last quarter. Finally, Quarry LP increased its position in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares in the last quarter. 77.61% of the stock is 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.