Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $49.64

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $51.64.

Several research firms recently weighed in on URBN. Morgan Stanley upped their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Bank of America raised their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Barclays upped their price target on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $55.01 on Tuesday. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $59.05. The firm’s 50 day simple moving average is $50.10 and its 200-day simple moving average is $43.07. The company has a market cap of $5.08 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. On average, analysts expect that Urban Outfitters will post 3.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction on Friday, January 10th. The shares were 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 in the company, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Blue Trust Inc. boosted its stake in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the period. Quarry LP lifted its holdings in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $42,000. GAMMA Investing LLC grew its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in Urban Outfitters during the third quarter worth $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.