Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Urban Outfitters (NASDAQ:URBN) had its target price increased by equities research analysts at Wells Fargo & Company from $48.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 5.08% from the company’s current price.

Several other research firms also recently weighed in on URBN. Robert W. Baird lifted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Barclays boosted their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. 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. Morgan Stanley boosted their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group raised their price target on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.27.

Urban Outfitters Stock Up 0.7 %

Shares of URBN stock opened at $57.10 on Friday. The firm has a 50 day moving average of $47.86 and a 200-day moving average of $42.56. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $59.05.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of URBN. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares during the last quarter. Quarry LP lifted its holdings in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters in the second quarter worth about $42,000. GAMMA Investing LLC grew its stake in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. 77.61% of the stock is currently owned by institutional investors.

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.