Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $42.30

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $42.30.

A number of research analysts have weighed in on 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 on the stock in a research note on Thursday, August 22nd. Barclays reduced their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. BMO Capital Markets decreased their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company dropped their price target on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Finally, StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th.

Urban Outfitters Trading Down 0.2 %

Shares of URBN opened at $36.26 on Thursday. The stock has a 50 day moving average of $36.54 and a 200 day moving average of $40.22. Urban Outfitters has a 12 month low of $31.37 and a 12 month high of $48.90. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.87 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. As a group, equities research analysts predict that Urban Outfitters will post 3.63 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after purchasing an additional 382,135 shares during the period. Marshall Wace LLP increased its stake in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after acquiring an additional 1,230,771 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of Urban Outfitters by 0.4% during the 2nd quarter. Systematic Financial Management LP now owns 684,133 shares of the apparel retailer’s stock valued at $28,084,000 after acquiring an additional 2,674 shares during the last quarter. Finally, Woodson Capital Management LP purchased a new position in shares of Urban Outfitters during the first quarter worth about $27,233,000. 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.