JPMorgan Chase & Co. Issues Pessimistic Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $56.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.50% from the stock’s current price.

URBN has been the topic of a number of other research reports. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Citigroup reduced their price objective on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group lifted their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Finally, UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.18.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $48.31 on Monday. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.02 and a beta of 1.37. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock has a fifty day moving average price of $52.31 and a 200-day moving average price of $48.68.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Research analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Azeez Hayne sold 11,676 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,976 shares of company stock valued at $2,421,213. Insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC raised its position in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 463 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after buying an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after buying an additional 470 shares during the period. Institutional investors and hedge funds 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.