Robert W. Baird Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its target price upped by Robert W. Baird from $47.00 to $49.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

A number of other equities research analysts have also weighed in on URBN. Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday. Barclays reduced their price objective on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock 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 note on Saturday, September 28th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a research note on Wednesday. Finally, Jefferies Financial Group cut their price objective on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Up 18.3 %

Shares of NASDAQ URBN opened at $47.49 on Wednesday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.95 and a beta of 1.50. The firm’s fifty day moving average is $37.24 and its 200 day moving average is $40.06. Urban Outfitters has a 52 week low of $33.17 and a 52 week high of $48.90.

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

Insiders Place Their Bets

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

Institutional Trading of Urban Outfitters

Several institutional investors have recently bought and sold shares of URBN. Franklin Resources Inc. lifted its stake in shares of Urban Outfitters by 7.6% in the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after buying an additional 2,527 shares in the last quarter. Geode Capital Management LLC raised its holdings in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares during the last quarter. XTX Topco Ltd lifted its position in Urban Outfitters by 367.0% in the 3rd quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock valued at $974,000 after acquiring an additional 19,982 shares in the last quarter. Zacks Investment Management boosted its stake in Urban Outfitters by 10.4% during the 3rd quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock valued at $1,671,000 after purchasing an additional 4,092 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Urban Outfitters in the 3rd quarter worth $3,894,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.