Urban Outfitters (NASDAQ:URBN) Sets New 12-Month High – Still a Buy?

Urban Outfitters, Inc. (NASDAQ:URBN)’s stock price reached a new 52-week high during trading on Tuesday. The company traded as high as $92.40 and last traded at $91.0150, with a volume of 132 shares traded. The stock had previously closed at $90.59.

Analysts Set New Price Targets

A number of brokerages recently weighed in on URBN. Needham & Company LLC initiated coverage on Urban Outfitters in a research note on Friday, October 16th. They issued a “buy” rating and a $100.00 price target on the stock. Citigroup restated a “neutral” rating on shares of Urban Outfitters in a research note on Friday, August 28th. Morgan Stanley restated an “overweight” rating and set a $90.00 target price on shares of Urban Outfitters in a research report on Thursday, August 27th. Wolfe Research assumed coverage on Urban Outfitters in a research note on Wednesday, October 21st. They issued a “peer perform” rating on the stock. Finally, Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

Urban Outfitters Trading Down 1.1%

The firm has a market cap of $7.68 billion, a P/E ratio of 14.00, a PEG ratio of 1.35 and a beta of 1.24. The company’s 50 day simple moving average is $79.56 and its 200-day simple moving average is $72.88.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 6.20 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the transaction, the director directly owned 494,315 shares of the company’s stock, valued at $43,035,063.90. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tricia Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the completion of the sale, the chief executive officer 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,200 shares of company stock worth $1,161,400. Company insiders own 32.10% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently bought and sold shares of the business. Allworth Financial LP bought a new stake in shares of Urban Outfitters in the second quarter valued at about $31,000. Kilter Group LLC bought a new stake in Urban Outfitters in the 2nd quarter valued at $35,000. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $38,000. NewEdge Advisors LLC increased its stake in Urban Outfitters by 87.0% in the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 247 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Urban Outfitters by 39.6% in the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer’s stock valued at $89,000 after purchasing an additional 331 shares during the last quarter. 77.61% of the stock is currently 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.