Urban Outfitters, Inc. (NASDAQ:URBN) shares, rose in value, with the stock price down by -2.05% to the previous day’s close as strong demand from buyers drove the stock to $39.75.
Actively observing the price movement in the last trading, the stock closed the session at $40.58. The value of beta (5-year monthly) was 1.53 whereas the PE ratio was 13.03 over 12-month period. Referring to stock’s 52-week performance, its high was $47.29, and the low was $25.52. On the whole, URBN has fluctuated by -5.49% over the past month.
With the market capitalization of Urban Outfitters, Inc. currently standing at about $3.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 21, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.51, which is expected to increase to $1.24 for fiscal year $3.56 and then to about $3.89 by fiscal year 2026. Data indicates that the EPS growth is expected to be 9.50% in 2026, while the next year’s EPS growth is forecast to be 9.30%.
Analysts have estimated the company’s revenue for the quarter at $1.17 billion, with a low estimate of $1.16 billion and a high estimate of $1.19 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $5.46 billion, representing an increase of 5.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that URBN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.47, with the price of URBN currently trading nearly -6.62% and -5.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.08, while the 7-day volatility ratio is showing 4.44% which for the 30-day chart, stands at 3.08%. Furthermore, Urban Outfitters, Inc. (URBN)’s beta value is 1.55, and its average true range (ATR) is 1.51.
A comparison of Urban Outfitters, Inc. (URBN) with its peers suggests the former has fared considerably weaker in the market. URBN showed an intraday change of -2.05% in last session, and over the past year, it grew by 45.13%%.
Data on historical trading for Urban Outfitters, Inc. (NASDAQ:URBN) indicates that the trading volumes over the past 10 days have averaged 1.44 million and over the past 3 months, they’ve averaged 1.76 million. According to company’s latest data on outstanding shares, there are 92.79 million shares outstanding.
Nearly 37.11% of Urban Outfitters, Inc.’s shares belong to company insiders and institutional investors own 71.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.13 million shares as on Mar 15, 2024, resulting in a short ratio of 1.45. According to the data, the short interest in Urban Outfitters, Inc. (URBN) stood at 3.37% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.38 million. The stock has risen by 11.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the URBN stock heading into the next quarter.
