Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Barclays Analyst Says

Urban Outfitters (NASDAQ:URBN) had its price objective raised by equities researchers at Barclays from $51.00 to $63.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective suggests a potential upside of 18.33% from the company’s previous close.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Bank of America raised their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” 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 company an “equal weight” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.64.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded down $1.38 during mid-day trading on Thursday, hitting $53.24. 912,348 shares of the stock were exchanged, compared to its average volume of 1,999,165. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $59.05. The company has a 50-day simple moving average of $49.44 and a 200 day simple moving average of $42.91. The company has a market capitalization of $4.91 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.19 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data 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. The business 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 6.11% and a return on equity of 15.86%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Analysts predict that Urban Outfitters will post 3.89 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’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 value of $3,152,050.00. Following the transaction, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Urban Outfitters by 5.2% during the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after acquiring an additional 482 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Urban Outfitters by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 99,121 shares of the apparel retailer’s stock worth $4,069,000 after acquiring an additional 3,327 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Urban Outfitters by 60.7% in the 2nd quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer’s stock worth $971,000 after purchasing an additional 8,904 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Urban Outfitters in the second quarter worth $224,000. Finally, Leuthold Group LLC bought a new stake in Urban Outfitters during the 2nd quarter valued at about $2,762,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.