Urban Outfitters (NASDAQ:URBN) Shares Gap Up – What’s Next?

Urban Outfitters, Inc. (NASDAQ:URBN) gapped up prior to trading on Tuesday . The stock had previously closed at $55.01, but opened at $57.45. Urban Outfitters shares last traded at $58.87, with a volume of 238,946 shares changing hands.

Analysts Set New Price Targets

URBN has been the subject of a number of research reports. Barclays boosted their price target on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $41.00 to $63.00 in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th. Finally, Wells Fargo & Company lifted their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.64.

Urban Outfitters Trading Down 2.5 %

The firm has a market cap of $5.44 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. The company has a 50 day moving average price of $51.25 and a 200 day moving average price of $43.39.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently bought and sold shares of URBN. Blue Trust Inc. lifted its position in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares in the last quarter. Quarry LP increased its position in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Urban Outfitters in the 2nd quarter valued at about $42,000. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.