Urban Outfitters, Inc. (NASDAQ:URBN) Receives $42.30 Consensus Price Target from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $42.30.

Several analysts recently weighed in on the company. Bank of America dropped their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets lowered their price objective 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. Robert W. Baird boosted their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Morgan Stanley dropped their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now directly owns 565,296 shares in the company, valued at $27,303,796.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters 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 legal filing with the SEC, which is available at the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The disclosure for this sale can be found here. Corporate insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of URBN. Marshall Wace LLP lifted its holdings in Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after buying an additional 1,230,771 shares during the period. Vanguard Group Inc. boosted its position in shares of Urban Outfitters by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock valued at $273,835,000 after purchasing an additional 674,790 shares in the last quarter. Woodson Capital Management LP purchased a new stake in Urban Outfitters in the first quarter worth $27,233,000. Goldman Sachs Group Inc. raised its holdings in Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after purchasing an additional 470,323 shares in the last quarter. Finally, Norges Bank purchased a new position in Urban Outfitters during the fourth quarter valued at $16,314,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Up 2.4 %

Shares of Urban Outfitters stock opened at $36.03 on Wednesday. The firm’s 50-day moving average price is $41.05 and its two-hundred day moving average price is $41.41. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.85 and a beta of 1.50. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Urban Outfitters will post 3.63 earnings per share for the current year.

About Urban Outfitters

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.