Urban Outfitters, Inc. (NASDAQ:URBN) Receives $43.18 Consensus Target Price from Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $43.18.

A number of research firms have recently issued reports on URBN. UBS Group lifted their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Robert W. Baird raised their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Barclays raised their target price on shares of Urban Outfitters from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, June 18th.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $46.58 on Tuesday. The company has a market capitalization of $4.35 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51. The company’s 50 day moving average price is $43.57 and its two-hundred day moving average price is $41.89. Urban Outfitters has a 52 week low of $30.05 and a 52 week high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.56 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts forecast that Urban Outfitters will post 3.57 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total transaction of $583,541.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total value of $583,541.26. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Several institutional 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 valued at $31,000 after acquiring an additional 417 shares during the last quarter. Spire Wealth Management boosted its holdings in Urban Outfitters by 3,700.0% in the fourth 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 during the last quarter. CWM LLC boosted its holdings in shares of Urban Outfitters by 165.6% during the 2nd quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after buying an additional 1,300 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Urban Outfitters during the 4th quarter worth approximately $150,000. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Urban Outfitters by 26,563.2% during the 4th quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock worth $178,000 after buying an additional 5,047 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.