Urban Outfitters, Inc. (NASDAQ:URBN) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $36.51 and last traded at $35.38, with a volume of 1071100 shares traded. The stock had previously closed at $35.38.
URBN has been the subject of several research reports. Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a research report on Monday, December 18th. KeyCorp upped their target price on shares of Urban Outfitters to $3.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. BidaskClub lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. BMO Capital Markets upped their target price on shares of Urban Outfitters from $20.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 6th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.62.
The firm has a market cap of $3,829.83, a P/E ratio of 24.70, a P/E/G ratio of 1.53 and a beta of 0.62.
Several large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new position in Urban Outfitters in the fourth quarter worth about $272,000. Banco de Sabadell S.A bought a new position in Urban Outfitters in the fourth quarter worth about $4,260,000. BRYN MAWR TRUST Co bought a new position in Urban Outfitters in the fourth quarter worth about $207,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Urban Outfitters in the fourth quarter worth about $740,000. Finally, Disciplined Growth Investors Inc. MN raised its stake in Urban Outfitters by 0.6% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 927,815 shares of the apparel retailer’s stock worth $32,529,000 after buying an additional 5,350 shares in the last quarter. 78.02% of the stock is owned by hedge funds and other institutional investors.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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