Urban Outfitters (NASDAQ:URBN) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Urban Outfitters, Inc. (NASDAQ:URBN) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $72.45 and traded as high as $76.89. Urban Outfitters shares last traded at $76.38, with a volume of 1,199,355 shares traded.

Wall Street Analyst Weigh In

URBN has been the subject of a number of recent research reports. BMO Capital Markets started coverage on Urban Outfitters in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 target price for the company. UBS Group boosted their target price on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Wells Fargo & Company boosted their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 22nd. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Urban Outfitters Stock Up 1.9%

The stock has a market cap of $6.88 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The business’s 50-day simple moving average is $76.87 and its two-hundred day simple moving average is $72.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts anticipate that Urban Outfitters, Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia Smith sold 3,500 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the completion of the transaction, the chief executive officer directly owned 30,112 shares in the company, valued at $2,287,006.40. The trade was a 10.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the transaction, the chief financial officer owned 11,323 shares in the company, valued at $914,332.25. This represents a 33.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by company insiders.

Institutional Trading of Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 10.1% in the second quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock worth $145,000 after acquiring an additional 188 shares in the last quarter. NewEdge Advisors LLC lifted its position in Urban Outfitters by 87.0% during the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 247 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Urban Outfitters by 2.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer’s stock valued at $679,000 after buying an additional 263 shares during the period. Allworth Financial LP boosted its position in Urban Outfitters by 186.9% in the 2nd quarter. Allworth Financial LP now owns 439 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 286 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Urban Outfitters by 0.7% during the first quarter. Bessemer Group Inc. now owns 41,147 shares of the apparel retailer’s stock valued at $2,607,000 after buying an additional 296 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.