In yesterday’s Wall Street session, Urban Outfitters Inc. (NASDAQ:URBN) shares traded at $34.73, up 4.29% from the previous session.
As of this writing, 15 analysts cover Urban Outfitters Inc. (NASDAQ:URBN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $20.00, we find $33.50. Given the previous closing price of $33.30, this indicates a potential upside of 0.6 percent. URBN stock price is now 14.91% away from the 50-day moving average and 29.43% away from the 200-day moving average. The market capitalization of the company currently stands at $3.20B.
There are 8 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $32.75 as their price target over the next twelve months.
With the price target enhanced from $27 to $41, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Urban Outfitters Inc. (NASDAQ: URBN).
In other news, Morgenfeld Todd R, Director sold 5,000 shares of the company’s stock on Jun 12. The stock was sold for $162,900 at an average price of $32.58. Upon completion of the transaction, the Director now directly owns 19,000 shares in the company, valued at $0.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Chief Financial Officer Marein-Efron Melanie sold 16,036 shares of the business’s stock. A total of $500,917 was realized by selling the stock at an average price of $31.24. This leaves the insider owning 1,000 shares of the company worth $34730.0. Insiders disposed of 268,273 shares of company stock worth roughly $9.32 million over the past 1 year. A total of 37.33% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in URBN stock. A new stake in Urban Outfitters Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $49,043,000. J. GOLDMAN & CO LP invested $12,371,000 in shares of URBN during the first quarter. In the first quarter, ENVESTNET ASSET MANAGEMENT INC acquired a new stake in Urban Outfitters Inc. valued at approximately $6,755,000. TABOR ASSET MANAGEMENT, LP acquired a new stake in URBN for approximately $4,307,000. KEPOS CAPITAL LP purchased a new stake in URBN valued at around $3,039,000 in the second quarter. In total, there are 332 active investors with 81.90% ownership of the company’s stock.
Monday morning saw Urban Outfitters Inc. (NASDAQ: URBN) opened at $33.35. During the past 12 months, Urban Outfitters Inc. has had a low of $18.68 and a high of $34.48. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.40, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $3.92B, which is based on a 17.96 price-to-earnings ratio, a 0.85 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for URBN is $30.40 and a two-hundred day moving average price translates $26.90 for the stock.
The latest earnings results from Urban Outfitters Inc. (NASDAQ: URBN) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.56, beating analysts’ expectations of $0.35 by 0.21. This compares to $0.33 EPS in the same period last year. The net profit margin was 3.70% and return on equity was 10.20% for URBN. The company reported revenue of $1.11 billion for the quarter, compared to $1.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.87 percent. For the current quarter, analysts expect URBN to generate $1.25B in revenue.
Urban Outfitters Inc.(URBN) Company Profile
Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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. The company also operates Terrain stores that provide lifestyle home products, garden and outdoor living products, antiques, live plants, flowers, wellness products, and accessories. In addition, it operates Free People retail stores, which offer casual women’s apparel, intimates, activewear, shoes, accessories, home products, gifts, and beauty and wellness products for young women aged 25 to 30; and restaurants, as well as women’s apparel subscription rental service under the Nuuly brand. Further, the company is involved in the wholesale of young women’s contemporary casual apparel, intimates, activewear, and shoes under the Free People brand; and apparel collections under the Urban Outfitters brand. The company serves its customers directly through retail stores, websites, mobile applications, catalogs and customer contact centers, franchised owned stores, and department and specialty stores, as well as social media and third-party digital platforms. Urban Outfitters, Inc. was founded in 1970 and is based in Philadelphia, Pennsylvania.
