Urban Outfitters (NASDAQ:URBN) Hits New 12-Month High – Should You Buy?

Urban Outfitters, Inc. (NASDAQ:URBN) shares reached a new 52-week high on Thursday . The company traded as high as $56.04 and last traded at $55.83, with a volume of 448683 shares trading hands. The stock had previously closed at $54.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on URBN shares. Robert W. Baird boosted their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Bank of America boosted their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays raised their price objective on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley increased their target price on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Up 2.5 %

The stock has a market cap of $5.16 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The firm’s 50 day simple moving average is $43.44 and its two-hundred day simple moving average is $41.60.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in URBN. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares in the last quarter. Quarry LP grew its stake in shares of Urban Outfitters by 1,825.0% in the second 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 shares of Urban Outfitters during the second quarter valued at $42,000. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the third quarter valued at about $47,000. Finally, Meeder Asset Management Inc. acquired a new stake in Urban Outfitters in the second quarter worth about $48,000. 77.61% of the stock is currently owned by institutional investors.

About Urban Outfitters

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.