In yesterday’s Wall Street session, Urban Outfitters, Inc. (NASDAQ:URBN) shares traded at $37.51, down -9.57% from the previous session.
URBN stock price is now -13.78% away from the 50-day moving average and -7.34% away from the 200-day moving average. The market capitalization of the company currently stands at $3.50B.
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With the price target maintained at $44, Telsey Advisory Group recently Downgraded its rating from Outperform to Market Perform for Urban Outfitters, Inc. (NASDAQ: URBN). On May 22, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $48 to quote $49, while ‘Jefferies’ rates the stock as ‘Underperform’
In other news, CHERKEN HARRY S JR, Director sold 5,000 shares of the company’s stock on Jul 12 ’24. The stock was sold for $241,481 at an average price of $48.30. Upon completion of the transaction, the Director now directly owns 565,296 shares in the company, valued at $21.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, Chief Administrative Officer Hayne Azeez sold 13,967 shares of the business’s stock. A total of $583,541 was realized by selling the stock at an average price of $41.78. A total of 36.75% of the company’s stock is owned by insiders.
During the past 12 months, Urban Outfitters, Inc. has had a low of $30.05 and a high of $48.90. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.46, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $4002355200, which is based on a 11.46 price-to-earnings ratio, a 0.42 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for URBN is $43.4018 and a two-hundred day moving average price translates $40.49055 for the stock.
The latest earnings results from Urban Outfitters, Inc. (NASDAQ: URBN) was released for 2024-07-31. The net profit margin was 5.83% and return on equity was 14.73% for URBN. The company reported revenue of $1.2 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.82 percent.
