Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $42.30

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.30.

Several equities research analysts have recently commented on the company. Bank of America reduced their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Morgan Stanley decreased their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Wells Fargo & Company cut their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. UBS Group raised their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Finally, StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $37.29 on Wednesday. Urban Outfitters has a 1 year low of $30.05 and a 1 year high of $48.90. The firm has a market cap of $3.48 billion, a P/E ratio of 11.91, a PEG ratio of 0.85 and a beta of 1.50. The stock has a fifty day moving average price of $40.91 and a two-hundred day moving average price of $41.38.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Urban Outfitters will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the sale, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

Several large investors have recently added to or reduced their stakes in URBN. Parallel Advisors LLC boosted its holdings in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares in the last quarter. Quarry LP increased its holdings in shares of Urban Outfitters by 1,825.0% during the 2nd 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 last quarter. Spire Wealth Management raised its stake in shares of Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 1,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the 2nd quarter valued at approximately $42,000. Finally, Meeder Asset Management Inc. acquired a new stake in Urban Outfitters in the 2nd quarter worth approximately $48,000. 77.61% of the stock is 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.