Telsey Advisory Group Boosts Urban Outfitters (NASDAQ:URBN) Price Target to $56.00

Urban Outfitters (NASDAQ:URBN) had its target price boosted by Telsey Advisory Group from $46.00 to $56.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a market perform rating on the apparel retailer’s stock.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. UBS Group increased their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 10th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, Bank of America lifted their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One 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’s stock. Based on data from MarketBeat.com, Urban Outfitters has an average rating of “Hold” and an average target price of $50.55.

Urban Outfitters Trading Up 0.1 %

URBN opened at $55.87 on Tuesday. The business’s 50 day moving average is $48.68 and its 200-day moving average is $42.72. The stock has a market cap of $5.16 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $59.05.

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

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.80% of the stock is owned by insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the period. Quarry LP boosted its stake in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the 2nd quarter worth approximately $42,000. GAMMA Investing LLC raised its stake in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters in the third quarter valued at $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.