Wells Fargo & Company Raises Urban Outfitters (NASDAQ:URBN) Price Target to $25.00

Urban Outfitters (NASDAQ:URBNGet Rating) had its price target increased by Wells Fargo & Company from $20.00 to $25.00 in a research note published on Tuesday morning, Marketbeat.com reports. The firm currently has an equal weight rating on the apparel retailer’s stock.

URBN has been the subject of a number of other research reports. Barclays increased their target price on shares of Urban Outfitters from $17.00 to $19.00 and gave the stock an equal weight rating in a research report on Thursday, August 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Urban Outfitters from $24.00 to $20.00 in a research report on Thursday, August 25th. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Monday, October 31st. TheStreet upgraded shares of Urban Outfitters from a c rating to a b- rating in a research report on Monday, November 14th. Finally, Telsey Advisory Group dropped their target price on shares of Urban Outfitters from $30.00 to $28.00 and set an outperform rating for the company in a research report on Wednesday, August 24th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $26.08.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $27.68 on Tuesday. Urban Outfitters has a 52-week low of $17.81 and a 52-week high of $33.77. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 0.91 and a beta of 1.37. The firm has a fifty day moving average of $23.13 and a 200-day moving average of $21.75.

Urban Outfitters (NASDAQ:URBNGet Rating) last announced its quarterly earnings data on Monday, November 21st. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Urban Outfitters had a net margin of 3.57% and a return on equity of 9.83%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Urban Outfitters will post 1.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 4,095 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Frank Conforti sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief operating officer now owns 25,960 shares of the company’s stock, valued at approximately $649,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 4,095 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.02, for a total transaction of $102,456.90. The disclosure for this sale can be found here. Insiders own 27.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of URBN. Victory Capital Management Inc. bought a new position in Urban Outfitters during the 1st quarter worth approximately $449,000. Mutual of America Capital Management LLC boosted its stake in Urban Outfitters by 1.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 59,827 shares of the apparel retailer’s stock worth $1,502,000 after acquiring an additional 862 shares during the last quarter. SG Americas Securities LLC boosted its stake in Urban Outfitters by 125.1% during the 1st quarter. SG Americas Securities LLC now owns 12,796 shares of the apparel retailer’s stock worth $321,000 after acquiring an additional 7,112 shares during the last quarter. Swiss National Bank boosted its stake in Urban Outfitters by 6.7% during the 1st quarter. Swiss National Bank now owns 161,973 shares of the apparel retailer’s stock worth $4,067,000 after acquiring an additional 10,100 shares during the last quarter. Finally, Clifford Capital Partners LLC bought a new position in Urban Outfitters during the 2nd quarter worth approximately $348,000. Institutional investors own 76.14% of the company’s stock.

About Urban Outfitters

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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Further Reading

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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