Shares of Urban Outfitters URBN have been surging throughout Wednesday's trading session. The stock is currently trading 6.29% higher at $30.94. Volume has been heavy with more than 6.1 million URBN shares already trading hands compared to a 3-month daily average of 3.2 million.
The stock trades at a trailing P/E of 20.5, a forward P/E of 16.36 and a PEG ratio of 0.96. The median Wall Street price target for Urban Outfitters is $36.00 with a high target of $48.00.
Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People and Terrain brands. The Company also operates a wholesale segment under the Free People and Leifsdottir brands.
ACTION ITEMS:
Bullish:
Market News and Data brought to you by Benzinga APIsBullish:
- Urban Outfitters trades at a reasonable valuation and should benefit from Wall Street's recent appetite for consumer discretionary stocks.
- The company has been a long-term performer, gaining more than 2,100% over the last 10 years.
- The stock has been in a downtrend, falling almost 14% year-to-date.
- Urban Outfitters shares have lagged other names in the sector rather dramatically in 2011 - there is no obvious reason to think this trend will change.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in