Urban Outfitters, Inc. (NASDAQ:URBN) Receives $42.27 Average Target Price from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.27.

Several equities research analysts have recently weighed in on URBN shares. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday. Bank of America lifted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets cut their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Morgan Stanley lifted their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a report on Thursday.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available at this link. 31.80% of the stock is currently owned by insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings 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 valued at $1,315,000 after purchasing an additional 2,527 shares in the last quarter. Geode Capital Management LLC grew its holdings in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after buying an additional 18,249 shares in the last quarter. XTX Topco Ltd raised 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 buying an additional 19,982 shares during the last quarter. Zacks Investment Management lifted 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 acquiring an additional 4,092 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in Urban Outfitters during the 3rd quarter worth $3,894,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

URBN opened at $48.73 on Monday. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $49.48. The company’s 50 day moving average price is $37.64 and its two-hundred day moving average price is $40.16. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.08 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.82 by $0.28. 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 for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Urban Outfitters will post 3.79 EPS for the current year.

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.