The Vanguard Group, Inc. recently announced the acquisition of new stake in Urban Outfitters, Inc. (NASDAQ:URBN). The institutional investor has increased its shareholding in the Consumer Cyclical company by 2.32% to 6.87 million shares with purchase of 0.16 million shares. This fresh investment now brings its stake to 7.40% valued currently at $245.14 million. In addition, Dimensional Fund Advisors LP raised its holdings by 37652.0 to 6.48 million shares. And Fisher Asset Management LLC has lifted its position by 78.57% or 0.86 million shares – to 1.96 million shares.
With over 4.87 million Urban Outfitters, Inc. (URBN) shares trading Tuesday and a closing price of $38.68 on the day, the dollar volume was approximately $188.47 million. The shares have shown a positive half year performance of 8.93% and its price on 01/09/24 gained nearly 7.74%. Currently, there are 92.18M common shares owned by the public and among those 58.39M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for URBN have a consensus price objective of $37.42. The analysts have set the share’s price value over the next 12 months at a high of $46.00 and a low of $21.00. The average price target is -3.37% below its recent price level and a downside to the estimated low will see the stock lose -84.19% over that period. But an upside of 15.91% will see the stock hit the forecast high price target while median target price for the stock is $37.00.
Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 294,100 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 187,663 shares.
The top 3 mutual fund holders in Urban Outfitters, Inc. are iShares Core S&P Small Cap ETF, Pacer Fds. Tr. – US Small Cap Cas, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 3.78 million shares of the company’s stock, all valued at over $135.09 million. The company bought an additional 1890.0 shares recently to bring their total holdings to about 4.08% of the shares outstanding. Pacer Fds. Tr. – US Small Cap Cas bought 23345.0 shares to see its total holdings expand to 1.96 million shares valued at over $69.79 million and representing 2.11% of the shares outstanding. Vanguard Total Stock Market ETF bought 3231.0 shares to bring its total holdings to over 1.88 million shares at a value of $67.26 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.03% of the shares outstanding.
Shares of Urban Outfitters, Inc. (NASDAQ: URBN) opened at $38.43, up $2.53 from a prior closing price of $35.90. However, the script later moved the day high at 39.71, up 7.74%. The company’s stock has a 5-day price change of 8.26% and 22.72% over the past three months. URBN shares are trading 8.38% year to date (YTD), with the 12-month market performance up to 51.75% higher. It has a 12-month low price of $24.73 and touched a high of $38.13 over the same period. URBN has an average intraday trading volume of 1.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.70%, 8.69%, and 18.66% respectively.
Institutional ownership of Urban Outfitters, Inc. (NASDAQ: URBN) shares accounts for 74.05% of the company’s 92.18M shares outstanding. Mutual fund holders own 38.65%, while other institutional holders and individual stakeholders account for 40.92% and 35.86% respectively.
It has a market capitalization of $3.59B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 13.42, while the earnings-per-share (ttm) stands at $2.88. The company has a PEG of 0.49 and a Quick Ratio of 0.73 with the debt-to-equity ratio at 0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.84% over the week and 2.97% over the month.
Analysts forecast that Urban Outfitters, Inc. (URBN) will achieve an EPS of $0.66 for the current quarter, $0.59 for the next quarter and $3.4 for 2025. The lowest estimate earnings-per-share for the quarter is $0.57 while analysts give the company a high EPS estimate of $0.77. Comparatively, EPS for the current quarter was $0.34 a year ago. Earnings per share for the fiscal year are expected to increase by 89.61%, and 5.85% over the next financial year. EPS should grow at an annualized rate of 27.43% over the next five years, compared to 12.06% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Urban Outfitters, Inc. (URBN) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 11 of the 15 advise that investors “hold,” and 1 rated it as a “Sell.”
