Urban Outfitters (NASDAQ:URBN) PT Raised to $52.00 at Barclays

Urban Outfitters (NASDAQ:URBNGet Free Report) had its target price raised by equities researchers at Barclays from $50.00 to $52.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective indicates a potential upside of 16.23% from the stock’s current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets lifted their price objective 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 lifted their price objective on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group lifted their target price on shares of Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 22nd. UBS Group lifted their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. One research 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 MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $43.18.

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Urban Outfitters Stock Up 0.6 %

Shares of URBN stock traded up $0.26 during mid-day trading on Tuesday, reaching $44.74. The company’s stock had a trading volume of 245,986 shares, compared to its average volume of 1,700,160. The company’s 50 day simple moving average is $40.61 and its 200-day simple moving average is $40.20. The firm has a market capitalization of $4.18 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $47.29.

Urban Outfitters (NASDAQ:URBNGet Free Report) last announced its quarterly earnings data 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. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Urban Outfitters will post 3.57 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total value of $583,541.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.80% of the stock is currently owned by insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after buying an additional 382,135 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,600,911 shares of the apparel retailer’s stock worth $235,590,000 after buying an additional 125,147 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Urban Outfitters by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the apparel retailer’s stock worth $37,523,000 after buying an additional 13,246 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after buying an additional 470,323 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Urban Outfitters by 25.4% in the third quarter. American Century Companies Inc. now owns 940,165 shares of the apparel retailer’s stock worth $30,734,000 after buying an additional 190,677 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

About Urban Outfitters

(Get Free Report)

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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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