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

Urban Outfitters (NASDAQ:URBN) had its price target hoisted by UBS Group from $45.00 to $54.00 in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a neutral rating on the apparel retailer’s stock.

Other equities analysts also recently issued research reports about the stock. Barclays reduced their target price on shares of Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating for the company in a research note on Monday. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $52.82.

Urban Outfitters Trading Up 2.3%

Shares of NASDAQ URBN opened at $61.74 on Tuesday. The stock has a fifty day simple moving average of $51.09 and a two-hundred day simple moving average of $51.06. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $61.82. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares of the company’s stock, valued at approximately $902,898. This represents a 34.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,976 shares of company stock valued at $1,663,713. Company insiders own 31.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URBN. American Century Companies Inc. lifted its stake in Urban Outfitters by 11.2% during the first quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock worth $121,700,000 after purchasing an additional 233,371 shares during the last quarter. Fisher Asset Management LLC lifted its position 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 buying an additional 115,390 shares during the last quarter. Junto Capital Management LP lifted its position in Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after buying an additional 244,801 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after buying an additional 302,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after acquiring an additional 60,697 shares during the last quarter. 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.