# Urban Outfitters, Inc. (URBN)

> Source: Nexqual · https://nexqual.com/URBN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Urban Outfitters, Inc. (URBN), nexqual.com/URBN" · informational, not investment advice.

**Price:** USD 88.29 (+1.53% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 86.96 · day 86.12–88.65 · 52w 59.54–90.59 · market cap $7.56B · NMS

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $6.47B, net income $569M (8.8% margin), free cash flow $295M (SEC filings).
- Valuation: P/E 13.3x (avg 13.2x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold URBN (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $2.9M; 6 not under a Rule 10b5-1 plan ($2.5M); 4 by opportunistic insiders (4 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +30.8% vs S&P 500 +14.9%; 5Y +186.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-25, EPS estimate USD 1.53, revenue estimate $1.67B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.55B | $4.80B | $5.15B | $5.55B | $6.17B | $6.47B |
| Gross profit | $1.49B | $1.43B | $1.72B | $1.93B | $2.22B | — |
| Operating income | $409M | $227M | $370M | $474M | $606M | $731M |
| Net income | $311M | $160M | $288M | $402M | $465M | $569M |
| EPS (diluted) | $3.13 | $1.70 | $3.05 | $4.26 | $5.06 | — |
| Free cash flow | $96.9M | -$56.8M | $310M | $320M | $315M | $295M |
| Gross margin | 32.8% | 29.8% | 33.3% | 34.7% | 36.0% | — |
| Operating margin | 9.0% | 4.7% | 7.2% | 8.5% | 9.8% | 11.3% |
| Net margin | 6.8% | 3.3% | 5.6% | 7.3% | 7.5% | 8.8% |
| Revenue growth | +31.9% | +5.4% | +7.5% | +7.7% | +11.1% | — |
| Cash + short-term investments | $446M | $383M | $465M | $610M | $696M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 13.3x · P/S 1.2x · P/FCF 25.6x · P/B 2.6x · FCF yield 3.90% · Earnings yield 7.52% · Buyback yield (TTM) 3.99%
P/E at fiscal year-ends: Jan 2026 14.0x, Jan 2025 13.0x, Jan 2024 12.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold URBN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Abrams Bison Investments, LLC |  | 7.72% | $158M | Added +0.2% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Cherken Harry S Jr | Director | 5,000 | $435K | 1% | Yes | Too little history (no open-market trades in 2023) |
| 2026-09-18 | Smith Tricia D | Global CEO Anthropologie Group | 3,500 | $266K | 10.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-04 | Marein-Efron Melanie | Chief Financial Officer | 5,700 | $460K | 33.5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-01 | Egan Mary | Director | 650 | $51K | 4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-22 | Hayne Azeez | Chief Administrative Officer | 8,733 | $639K | 49.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-22 | Marein-Efron Melanie | Chief Financial Officer | 5,036 | $370K | 22.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-22 | Conforti Frank | Co-President & COO | 9,391 | $687K | 11.5% | No | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Wolfe Research | Initiated | Peer Perform |  |
| 2026-10-16 | Needham | Initiated | Buy | $100 |
| 2026-09-09 | BMO Capital | Initiated | Market Perform | $80 |
| 2026-08-27 | Barclays | Target raised | Overweight | $100 → $102 |
| 2026-08-27 | UBS | Target raised | Neutral | $80 → $82 |
| 2026-08-27 | Wells Fargo | Target raised | Equal-Weight | $75 → $80 |
| 2026-08-18 | JP Morgan | Target raised | Overweight | $97 → $110 |
| 2026-08-12 | Jefferies | Target raised | Hold | $72 → $79 |
| 2026-07-20 | Goldman Sachs | Upgrade | Neutral → Buy | $76 → $93 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +30.8% | +186.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +30.9% | +23.4% |
| Volatility (annualized) | 42.5% | 39.8% |
| Max drawdown | -26.3% (Dec 2025→Mar 2026) | -47.3% (Nov 2021→Jun 2022) |

## Peers (Apparel Retail)
VSXY (Victorias Secret & Co.) USD 88.42 -0.82% · GAP (Gap, Inc. (The)) USD 22.91 +0.97% · ANF (Abercrombie & Fitch Company) USD 161.49 +1.16% · LULU (lululemon athletica inc.) USD 104.06 +7.80% · BURL (Burlington Stores, Inc.) USD 252.62 +1.81% · BOOT (Boot Barn Holdings, Inc.) USD 119.76 +3.16%

## More
Full page: https://nexqual.com/URBN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in URBN's own 10-K filed 2026-04-01 (https://www.sec.gov/Archives/edgar/data/912615/000119312526137916/urbn-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | PINTEREST, INC. (PINS) | "We believe that by starting a conversation and interacting directly with our customers, most notably via Instagram, Pinterest, Facebook and TikTok, our own mobile applications and in artificial intelligence platforms, we…" |
| Customer | Meta Platforms (META) | "We believe that by starting a conversation and interacting directly with our customers, most notably via Instagram, Pinterest, Facebook and TikTok, our own mobile applications and in artificial intelligence platforms, we…" |
| Customer | ByteDance | "We believe that by starting a conversation and interacting directly with our customers, most notably via Instagram, Pinterest, Facebook and TikTok, our own mobile applications and in artificial intelligence platforms, we…" |

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Retail Operations | $1.39B | 83.8% | +8.0% |
| Subscription Operations | $178.6M | 10.7% | +28.6% |
| Wholesale Operations | $90.8M | 5.5% | +18.6% |
| Total revenue | $1.66B | 100% | — |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Apparel | $969.4M | 58.3% | +7.9% |
| Accessories | $185.7M | 11.2% | +13.6% |
| Home | $172.7M | 10.4% | +4.7% |
| Other | $64.7M | 3.9% | +3.7% |
| Total revenue | $1.66B | 100% | — |
The lines above cover 83.8% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $1.53 | $1.48 | +2.9% | $1.67B | 5 |
| Next quarter (ends 2027-01-31) | $1.64 | $1.63 | +0.4% | $1.94B | 5 |
| Current fiscal year (ends 2027-01-31) | $7.11 | $6.11 | +16.3% | $6.75B | 6 |
| Next fiscal year (ends 2028-01-31) | $6.85 | $6.61 | +3.7% | $7.22B | 6 |