Urban Outfitters (NASDAQ:URBN) Price Target Raised to $50.00

Urban Outfitters (NASDAQ:URBN) had its target price boosted by Barclays from $48.00 to $50.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the apparel retailer’s stock.

URBN has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a neutral rating for the company in a research note on Wednesday, February 28th. Jefferies Financial Group cut shares of Urban Outfitters from a hold rating to an underperform rating and reduced their price target for the company from $42.00 to $32.00 in a research report on Wednesday, April 17th. BMO Capital Markets boosted their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a market perform rating in a research report on Thursday, February 29th. Robert W. Baird boosted their price target on shares of Urban Outfitters from $48.00 to $50.00 and gave the company a neutral rating in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Urban Outfitters from $42.00 to $43.00 and gave the company a neutral rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $42.82.

Urban Outfitters Price Performance

URBN opened at $41.75 on Wednesday. Urban Outfitters has a one year low of $30.05 and a one year high of $47.29. The firm has a market capitalization of $3.89 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. The company has a fifty day moving average price of $40.72 and a 200-day moving average price of $39.31.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, analysts expect that Urban Outfitters will post 3.55 earnings per share for the current year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the transaction, the chief executive officer now owns 6,353 shares in the company, valued at $258,821.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the sale, the insider now directly owns 2,878 shares in the company, valued at approximately $117,278.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 6,250 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the transaction, the chief executive officer now directly owns 6,353 shares of the company’s stock, valued at $258,821.22. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 over the last quarter. Company insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Parallel Advisors LLC boosted its stake in Urban Outfitters by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after buying an additional 417 shares during the period. Spire Wealth Management grew its holdings in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Urban Outfitters in the 3rd quarter worth about $81,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Urban Outfitters during the third quarter valued at approximately $112,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Urban Outfitters in the fourth quarter worth approximately $150,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.