Citigroup Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective upped by Citigroup from $39.00 to $42.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets reduced their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Morgan Stanley cut their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group cut their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $44.00 target price on shares of Urban Outfitters in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.27.

Urban Outfitters Price Performance

URBN opened at $36.91 on Wednesday. The company has a fifty day moving average price of $37.01 and a 200-day moving average price of $40.11. The firm has a market capitalization of $3.41 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. Urban Outfitters has a one year low of $31.37 and a one year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. On average, analysts expect that Urban Outfitters will post 3.66 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of URBN. Blue Trust Inc. raised its stake in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP raised its stake in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters during the second quarter valued at about $42,000. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter valued at about $47,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Urban Outfitters during the second quarter valued at about $48,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.