Urban Outfitters, Inc. (NASDAQ:URBN) Receives $53.64 Average Target Price from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.64.

Several brokerages have recently issued reports on URBN. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Finally, Barclays boosted their target price on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC increased its holdings in shares of Urban Outfitters by 5,565.6% in the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after purchasing an additional 859,886 shares during the period. Norges Bank purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $31,605,000. Wealthfront Advisers LLC acquired a new position in Urban Outfitters in the 4th quarter valued at approximately $21,140,000. Cerity Partners LLC purchased a new stake in Urban Outfitters in the 3rd quarter worth approximately $8,340,000. Finally, Empowered Funds LLC acquired a new stake in shares of Urban Outfitters during the 3rd quarter valued at $7,789,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Trading Up 0.8 %

NASDAQ:URBN opened at $55.98 on Friday. The firm has a market capitalization of $5.17 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90. The stock has a 50 day moving average of $55.18 and a 200-day moving average of $44.47.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

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.