Urban Outfitters (NASDAQ:URBN) Price Target Raised to $49.00

Urban Outfitters (NASDAQ:URBN) had its price target increased by stock analysts at Robert W. Baird from $47.00 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s target price would indicate a potential upside of 22.07% from the stock’s previous close.

A number of other brokerages have also weighed in on URBN. Jefferies Financial Group lowered their price objective on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group raised their price target on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday. BMO Capital Markets dropped their price objective on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. Wells Fargo & Company reduced their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Finally, Morgan Stanley decreased their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.91.

Urban Outfitters Trading Down 0.8 %

NASDAQ:URBN opened at $40.14 on Wednesday. Urban Outfitters has a 12-month low of $32.02 and a 12-month high of $48.90. The stock’s 50 day simple moving average is $37.18 and its 200-day simple moving average is $40.06. The firm has a market cap of $3.70 billion, a P/E ratio of 12.28, a PEG ratio of 0.95 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.28. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company posted $0.88 EPS. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Urban Outfitters will post 3.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP increased its stake 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 valued at $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Urban Outfitters during the 3rd quarter valued at about $8,340,000. Empowered Funds LLC purchased a new position in shares of Urban Outfitters during the 3rd quarter worth about $7,789,000. Finally, Hennessy Advisors Inc. purchased a new stake in Urban Outfitters during the second quarter valued at about $7,685,000. 77.61% of the stock is currently owned by hedge funds and other 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.