Telsey Advisory Group reiterated their market perform rating on shares of Urban Outfitters (NASDAQ:URBN – Free Report) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $56.00 price target on the apparel retailer’s stock.
Several other brokerages also recently commented on URBN. UBS Group boosted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird increased their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.64.
Check Out Our Latest Analysis on URBN
Urban Outfitters Stock Down 3.5 %
Urban Outfitters (NASDAQ:URBN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Urban Outfitters
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after buying an additional 31,100 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Urban Outfitters by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after acquiring an additional 115,390 shares during the last quarter. American Century Companies Inc. increased its holdings in Urban Outfitters by 9.0% in the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after acquiring an additional 173,082 shares during the last quarter. Junto Capital Management LP grew its holdings in Urban Outfitters by 0.9% during the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer’s stock valued at $81,422,000 after buying an additional 13,820 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after buying an additional 18,249 shares in the last quarter. 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.
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