In yesterday’s Wall Street session, Urban Outfitters, Inc. (NASDAQ:URBN) shares traded at $31.82, down -12.37% from the previous session.
16 analysts cover Urban Outfitters, Inc. (NASDAQ:URBN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $46.00 and a low of $21.00, we find $37.50. Given the previous closing price of $36.31, this indicates a potential upside of 3.28 percent. URBN stock price is now -5.40% away from the 50-day moving average and 1.94% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95B.
The stock has received a hold rating from 10 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $37.19 as their price target over the next twelve months.
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 $0.6 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 $31820.0. Insiders disposed of 179,398 shares of company stock worth roughly $5.71 million over the past 1 year. A total of 37.18% of the company’s stock is owned by insiders.
On Wednesday morning Urban Outfitters, Inc. (NASDAQ: URBN) stock kicked off with the opening price of $32.35. During the past 12 months, Urban Outfitters, Inc. has had a low of $23.26 and a high of $37.81. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.42, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $3.59B, which is based on a 11.03 price-to-earnings ratio, a 0.38 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for URBN is $33.63 and a two-hundred day moving average price translates $31.21 for the stock.
The latest earnings results from Urban Outfitters, Inc. (NASDAQ: URBN) was released for Oct, 2023. According to the Apparel Retail Company, earnings per share came in at $0.89, beating analysts’ expectations of $0.82 by 0.07. This compares to $0.64 EPS in the same period last year. The net profit margin was 5.37% and return on equity was 14.34% for URBN. The company reported revenue of $1.27 billion for the quarter, compared to $1.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.5 percent. For the current quarter, analysts expect URBN to generate $1.47B 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.
