Barclays Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective upped by stock analysts at Barclays from $43.00 to $51.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price target indicates a potential upside of 11.74% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Robert W. Baird raised their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday. Bank of America increased their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets reduced their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $45.27.

Urban Outfitters Trading Up 13.7 %

NASDAQ:URBN opened at $45.64 on Wednesday. The stock has a market capitalization of $4.21 billion, a PE ratio of 13.96, a P/E/G ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 1-year low of $33.17 and a 1-year high of $48.90. The firm has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $40.06.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. On average, equities analysts predict that Urban Outfitters will post 3.65 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of URBN. Harbor Capital Advisors Inc. boosted its holdings in shares of Urban Outfitters by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after purchasing an additional 34,350 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Urban Outfitters during the 2nd quarter worth $582,000. Nisa Investment Advisors LLC lifted its position in shares of Urban Outfitters by 5.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after buying an additional 531 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Urban Outfitters in the third quarter valued at about $2,143,000. Finally, Fisher Asset Management LLC raised its stake in Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after acquiring an additional 62,019 shares in 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.