JPMorgan Chase & Co. Raises Urban Outfitters (NASDAQ:URBN) Price Target to $54.00

Urban Outfitters (NASDAQ:URBN) had its price objective upped by JPMorgan Chase & Co. from $46.00 to $54.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

URBN has been the topic of several other research reports. Barclays increased their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Thursday, January 2nd. Telsey Advisory Group raised their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Finally, Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.18.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $57.10 on Wednesday. Urban Outfitters has a one year low of $33.86 and a one year high of $59.05. The business’s 50-day moving average price is $47.44 and its two-hundred day moving average price is $42.46. The company has a market capitalization of $5.27 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, equities analysts anticipate that Urban Outfitters will post 3.88 EPS for the current year.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the period. GAMMA Investing LLC raised its position in shares of Urban Outfitters by 36.3% during 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 last quarter. Quarry LP lifted its stake in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters during the second quarter worth about $42,000. Finally, Meeder Asset Management Inc. bought a new position in Urban Outfitters during the second quarter valued at about $48,000. Institutional investors own 77.61% of the company’s stock.

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.