Urban Outfitters (NASDAQ:URBN) Stock Crosses Above 200-Day Moving Average of $32.33

Urban Outfitters, Inc. (NASDAQ:URBN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.33 and traded as high as $35.96. Urban Outfitters shares last traded at $35.81, with a volume of 1,132,736 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on URBN. BMO Capital Markets lifted their price objective on shares of Urban Outfitters from $31.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, August 23rd. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, October 24th. Barclays lifted their price objective on shares of Urban Outfitters from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, August 23rd. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $32.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, UBS Group lifted their price objective on shares of Urban Outfitters from $20.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.92.

Urban Outfitters Price Performance

The company’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $32.33. The firm has a market capitalization of $3.32 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 22nd. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.89 by $0.21. Urban Outfitters had a net margin of 4.56% and a return on equity of 12.51%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently made changes to their positions in URBN. JPMorgan Chase & Co. lifted its stake in shares of Urban Outfitters by 10.2% during the first quarter. JPMorgan Chase & Co. now owns 334,511 shares of the apparel retailer’s stock worth $8,400,000 after buying an additional 30,879 shares during the period. PNC Financial Services Group Inc. lifted its position in Urban Outfitters by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer’s stock valued at $490,000 after purchasing an additional 625 shares during the period. Natixis Advisors L.P. acquired a new position in Urban Outfitters during the first quarter valued at $254,000. MetLife Investment Management LLC lifted its position in Urban Outfitters by 40.6% during the first quarter. MetLife Investment Management LLC now owns 78,323 shares of the apparel retailer’s stock valued at $1,967,000 after purchasing an additional 22,600 shares during the period. Finally, Rhumbline Advisers lifted its position in Urban Outfitters by 3.2% during the first quarter. Rhumbline Advisers now owns 192,880 shares of the apparel retailer’s stock valued at $4,843,000 after purchasing an additional 5,917 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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 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.