Urban Outfitters (NASDAQ:URBN) Hits New 12-Month High – What’s Next?

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) hit a new 52-week high during trading on Thursday . The company traded as high as $56.04 and last traded at $55.83, with a volume of 448683 shares trading hands. The stock had previously closed at $54.55.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Telsey Advisory Group increased their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays increased their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Price Performance

The firm’s 50 day moving average is $44.17 and its 200 day moving average is $41.79. The firm has a market cap of $5.15 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of URBN. Evergreen Capital Management LLC raised its holdings in Urban Outfitters by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after acquiring an additional 258 shares during the last quarter. Quarry LP lifted its holdings in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. Signaturefd LLC boosted its position in shares of Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after buying an additional 299 shares during the last quarter. Blue Trust Inc. increased its holdings in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Urban Outfitters by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after buying an additional 401 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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.