Following this transaction, Cherken holds 495,296 shares directly, with an additional 4,400 shares held indirectly by a trust. Urban Outfitters (NASDAQ:URBN), known for its trendy apparel and lifestyle products, is based in Philadelphia and operates under several retail brands, including Anthropologie and Free People. The company, currently valued at $5.4 billion, trades at a P/E ratio of 16.5 and maintains a strong financial health score according to InvestingPro, which offers comprehensive analysis and 13 additional investment tips for this retailer. The company, currently valued at $5.4 billion, trades at a P/E ratio of 16.5 and maintains a strong financial health score according to InvestingPro, which offers comprehensive analysis and 13 additional investment tips for this retailer.
Following this transaction, Cherken holds 495,296 shares directly, with an additional 4,400 shares held indirectly by a trust. Urban Outfitters, known for its trendy apparel and lifestyle products, is based in Philadelphia and operates under several retail brands, including Anthropologie and Free People.
In other recent news, Urban Outfitters has reported a 10% increase in quarter-to-date sales across most of its brands. Analyst Corey Tarlowe of Jefferies has responded to this positive trend by raising the company's price target to $40, maintaining an underperform rating. Analyst firms Baird and Telsey Advisory Group also adjusted their price targets for Urban Outfitters to $55 and $46 respectively, while Citi upgraded the company from Neutral to Buy with a new price target at $59.
Urban Outfitters' recent earnings report showed a 6% increase in total sales to $1.4 billion and a 24% rise in net income to $103 million for the three and nine months ended October 31, 2024. The company's Nuuly segment, a subscription rental service, saw a significant surge in net sales by 55%, driven by a 53% rise in active subscribers. Despite a 4% downturn in comparable sales for the Urban Outfitters brand, other brands under the company's umbrella, particularly FP Movement, showed strength and positive performance.
These recent developments highlight the company's ability to maintain growth despite challenges and indicate a potential for recovery. As a part of the company's strategic goals, Urban Outfitters has expanded its retail presence by opening 45 new retail locations while closing 12.
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