Urban Outfitters Inc. (URBN) Hits New 1-Year High at $37.61
Urban Outfitters Inc. (NASDAQ:URBN)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $37.61 and last traded at $37.28, with a volume of 1,938,791 shares. The stock had previously closed at $36.77.
URBN has been the subject of a number of recent research reports. Zacks Investment Research cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Mizuho dropped their target price on Urban Outfitters from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 target price (down previously from $38.00) on shares of Urban Outfitters in a report on Thursday, May 19th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $32.00 target price (down previously from $35.00) on shares of Urban Outfitters in a report on Thursday, May 19th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Urban Outfitters in a report on Saturday, May 14th. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.38.
The firm’s 50-day moving average is $30.15 and its 200-day moving average is $29.07. The stock has a market cap of $4.43 billion and a price-to-earnings ratio of 20.96.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. The firm earned $890.57 million during the quarter, compared to analysts’ expectations of $886.39 million. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Analysts expect that Urban Outfitters Inc. will post $2.05 EPS for the current year.
In other news, CFO Frank Conforti sold 3,300 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $28.23, for a total value of $93,159.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Other hedge funds have recently bought and sold shares of the company. Coe Capital Management LLC purchased a new stake in Urban Outfitters during the fourth quarter valued at $1,945,000. BlackRock Advisors LLC boosted its position in shares of Urban Outfitters by 581.0% in the fourth quarter. BlackRock Advisors LLC now owns 2,138,451 shares of the apparel retailer’s stock valued at $48,650,000 after buying an additional 1,824,456 shares during the period. Finally, Systematic Financial Management LP boosted its position in shares of Urban Outfitters by 12.0% in the fourth quarter. Systematic Financial Management LP now owns 78,040 shares of the apparel retailer’s stock valued at $1,775,000 after buying an additional 8,355 shares during the period.
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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