Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $49.64

Urban Outfitters, Inc. (NASDAQ:URBN) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $51.64.

Several equities research analysts have commented on URBN shares. UBS Group boosted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Telsey Advisory Group upped their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price objective on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th.

Urban Outfitters Stock Up 3.4 %

Shares of Urban Outfitters stock opened at $55.01 on Tuesday. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $59.05. The company’s 50-day simple moving average is $50.43 and its 200-day simple moving average is $43.15.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Urban Outfitters will post 3.89 EPS for the current year.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in shares of Urban Outfitters by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after purchasing an additional 482 shares during the period. TD Asset Management Inc grew its holdings in Urban Outfitters by 123.7% in the second quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer’s stock valued at $698,000 after purchasing an additional 9,400 shares during the period. Arizona State Retirement System grew its holdings in Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after purchasing an additional 401 shares during the period. Texas Permanent School Fund Corp increased its position in Urban Outfitters by 22.8% during the second quarter. Texas Permanent School Fund Corp now owns 60,820 shares of the apparel retailer’s stock worth $2,497,000 after purchasing an additional 11,286 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after purchasing an additional 264,708 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.