Urban Outfitters, Inc (NASDAQ:URBN) has a beta value of 1.53 and has seen 1.86 million shares traded in the recent trading session. The company, currently valued at $4.20B, closed the recent trade at $45.58 per share which meant it gained $5.44 on the day or 13.54% during that session. The URBN stock price is -7.28% off its 52-week high price of $48.90 and 29.75% above the 52-week low of $32.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.86 million shares traded. The 3-month trading volume is 1.59 million shares.
The consensus among analysts is that Urban Outfitters, Inc (URBN) is Buy stock at the moment, with a recommendation rating of 2.93. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.9.
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Urban Outfitters, Inc (NASDAQ:URBN) trade information
Sporting 13.54% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the URBN stock price touched $45.58 or saw a rise of 2.08%. Year-to-date, Urban Outfitters, Inc shares have moved 27.70%, while the 5-day performance has seen it change 23.48%. Over the past 30 days, the shares of Urban Outfitters, Inc (NASDAQ:URBN) have changed 24.66%. Short interest in the company has seen 5.44 million shares shorted with days to cover at 4.65.
Wall Street analysts have a consensus price target for the stock at $42, which means that the shares’ value could drop -8.52% from the levels at last check today. The projected low price target is $16.0 while the price target rests at a high of $54.0. In that case, then, we find that the latest price level in today’s session is -18.47% off the targeted high while a plunge would see the stock lose 64.9% from the levels at last check today.
Urban Outfitters, Inc (URBN) estimates and forecasts
Figures show that Urban Outfitters, Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 9.59% over the past 6 months, with this year growth rate of 12.31%, compared to 8.10% for the industry. Revenue growth from the last financial year stood is estimated to be 6.47%.
7 analysts offering their estimates for the company have set an average revenue estimate of 1.58B for the current quarter. 5 have an estimated revenue figure of 1.28B for the next ending quarter. Year-ago sales stood 1.49B and 1.2B respectively for this quarter and the next, and analysts expect sales will grow by 6.09% for the current quarter and 6.47% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.34% over the past 5 years. Earnings growth for 2024 is a modest 18.52% while over the next 5 years, the company’s earnings are expected to increase by 7.83%.
URBN Dividends
Urban Outfitters, Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Urban Outfitters, Inc (NASDAQ:URBN)’s Major holders
Insiders own 32.67% of the company shares, while shares held by institutions stand at 75.12% with a share float percentage of 111.56%. Investors are also buoyed by the number of investors in a company, with Urban Outfitters, Inc having a total of 420.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 9.72 million shares worth more than $399.17 million. As of 2024-06-30, BLACKROCK INC. held 10.442% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 7.95 million shares as of 2024-06-30. The firm’s total holdings are worth over $326.51 million and represent 8.5413% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.92% shares in the company for having 3.62 shares of worth $165.91 million while later fund manager owns 2.07 shares of worth $95.07 million as of Jun 30, 2024, which makes it owner of about 2.25% of company’s outstanding stock.
