Robert W. Baird Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price target hoisted by Robert W. Baird from $47.00 to $49.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 22.07% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group dropped their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Telsey Advisory Group upped 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. Wells Fargo & Company decreased their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Bank of America dropped their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, 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 report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.91.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $40.14 on Wednesday. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. Urban Outfitters has a one year low of $32.02 and a one year high of $48.90. The business’s 50-day simple moving average is $37.18 and its 200 day simple moving average is $40.06.

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

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently made changes to their positions in the business. State Street Corp increased its position in Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after acquiring an additional 31,100 shares during the period. Marshall Wace LLP grew its stake in shares of Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of 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 valued at $79,433,000 after purchasing an additional 62,019 shares during the period. American Century Companies Inc. raised its stake in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 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.