URBN Stock Summary and Trading Ideas (Urban Outfitters | NASDAQ:URBN)

Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates about 700 stores and e-commerce in North America (87% of fiscal 2023 sales) and other regions. Its retail nameplates are Urban Outfitters, Free People, FP Movement, and Anthropologie. Retail accounted for 92% of fiscal 2023 revenue, but the firm also sells products through a wholesale operation, owns some restaurants, and operates a clothing rental and resale business called Nuuly. Urban Outfitters primarily markets to young adults and offers products in categories such as apparel (63% of fiscal 2023 sales), home goods (19% of sales), accessories (13% of sales), and more.

Urban Outfitters trades on the NASDAQ stock market under the symbol URBN.

As of April 19, 2024, URBN stock price declined to $36.79 with 470,720 million shares trading.

URBN has a beta of 0.82, meaning it tends to be less sensitive to market movements. URBN has a correlation of 0.07 to the broad based SPY ETF.

URBN has a market cap of $3.42 billion. This is considered a Mid Cap stock.

Last quarter Urban Outfitters reported $1 billion in Revenue and $.69 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.04.

In the last 3 years, URBN stock traded as high as $47.29 and as low as $17.81.

The top ETF exchange traded funds that URBN belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

URBN has outperformed the market in the last year with a return of +31.8%, while the SPY ETF gained +21.6%. However, in the most recent history, URBN shares have underperformed the stock market with its stock returning -5.9% in the last 3 month period and -9.3% for the last 2 week period, while SPY has returned +4.7% and -3.1%, respectively.

URBN support price is $36.16 and resistance is $37.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that URBN stock will trade within this expected range on the day.