Urban Outfitters (NASDAQ:URBN) Stock Jumps 4.3% – What’s Next?

Urban Outfitters, Inc. (NASDAQ:URBN)’s stock price shot up 4.3% during mid-day trading on Monday. The stock 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 daily volume of 1,341,675 shares. The stock had previously closed at $86.55.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Citigroup reaffirmed a “neutral” rating on shares of Urban Outfitters in a research note on Friday, August 28th. Morgan Stanley reiterated an “overweight” rating and issued a $90.00 price objective on shares of Urban Outfitters in a research report on Thursday, August 27th. Wolfe Research began coverage on Urban Outfitters in a report on Wednesday, October 21st. They set a “peer perform” rating for the company. Finally, UBS Group upped their target price on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average price target of $90.54.

Urban Outfitters Price Performance

The business has a 50 day moving average of $79.85 and a 200 day moving average of $72.93. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 14.15 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.72. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. As a group, equities analysts predict that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Tricia Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the transaction, the chief executive officer directly owned 30,112 shares of the company’s stock, valued at approximately $2,287,006.40. The trade was a 10.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the sale, the chief financial officer owned 11,323 shares in the company, valued at approximately $914,332.25. This trade represents a 33.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,200 shares of company stock worth $1,161,400 over the last 90 days. Company insiders own 32.10% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently modified their holdings of URBN. Allworth Financial LP acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $31,000. Kilter Group LLC acquired a new stake in Urban Outfitters during the second quarter worth approximately $35,000. NewEdge Advisors LLC lifted its position in Urban Outfitters by 87.0% during the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 247 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Urban Outfitters during the third quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Urban Outfitters by 39.6% during the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer’s stock worth $89,000 after acquiring an additional 331 shares during the period. 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.