Urban Outfitters (NASDAQ:URBN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Urban Outfitters, Inc. (NASDAQ:URBN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $69.66 and traded as high as $69.78. Urban Outfitters shares last traded at $69.48, with a volume of 981,189 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Barclays upped their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. UBS Group reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Price Performance

The firm has a market capitalization of $6.35 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The stock’s 50-day simple moving average is $66.22 and its two-hundred day simple moving average is $69.67.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. On average, analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the transaction, the chief executive officer directly owned 17,633,260 shares of the company’s stock, valued at approximately $1,242,439,499.60. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total transaction of $664,229.61. Following the transaction, the insider directly owned 2,076,068 shares of the company’s stock, valued at $147,753,759.56. The trade was a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 173,517 shares of company stock valued at $12,315,330. Company insiders own 32.10% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently bought and sold shares of URBN. Abrams Bison Investments LLC bought a new position in Urban Outfitters during the fourth quarter valued at $127,114,000. Jupiter Asset Management Ltd. increased its stake in Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after buying an additional 873,008 shares during the period. Capital World Investors purchased a new position in Urban Outfitters in the 3rd quarter worth about $60,795,000. Balyasny Asset Management L.P. increased its stake in Urban Outfitters by 5,360.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after buying an additional 606,831 shares during the period. Finally, Norges Bank purchased a new position in Urban Outfitters during the 4th quarter valued at about $44,191,000. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.