Barclays Boosts Urban Outfitters (NASDAQ:URBN) Price Target to $50.00

Urban Outfitters (NASDAQ:URBN) had its price target hoisted by Barclays from $48.00 to $50.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the apparel retailer’s stock.

A number of other equities analysts have also recently weighed in on URBN. Robert W. Baird lifted their price target on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a neutral rating in a research report on Wednesday. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $48.00 to $49.00 and gave the stock an outperform rating in a research report on Wednesday. StockNews.com lowered shares of Urban Outfitters from a buy rating to a hold rating in a research note on Friday, March 1st. UBS Group increased their target price on shares of Urban Outfitters from $42.00 to $43.00 and gave the company a neutral rating in a report on Thursday, May 16th. Finally, Jefferies Financial Group lowered shares of Urban Outfitters from a hold rating to an underperform rating and cut their target price for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $42.82.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $41.75 on Wednesday. The firm’s 50 day moving average price is $40.72 and its two-hundred day moving average price is $39.31. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. Urban Outfitters has a 1 year low of $30.05 and a 1 year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results 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. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts predict that Urban Outfitters will post 3.55 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 6,250 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the transaction, the chief executive officer now owns 6,353 shares in the company, valued at approximately $258,821.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the sale, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares of the company’s stock, valued at $258,821.22. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 over the last quarter. Corporate insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Urban Outfitters by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,157 shares of the apparel retailer’s stock worth $365,000 after buying an additional 1,949 shares during the period. TD Asset Management Inc boosted its stake in Urban Outfitters by 18.8% during the third quarter. TD Asset Management Inc now owns 7,600 shares of the apparel retailer’s stock worth $248,000 after buying an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Urban Outfitters by 17.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,092 shares of the apparel retailer’s stock worth $363,000 after buying an additional 1,609 shares during the period. Teacher Retirement System of Texas boosted its stake in Urban Outfitters by 51.7% during the third quarter. Teacher Retirement System of Texas now owns 60,234 shares of the apparel retailer’s stock worth $1,969,000 after buying an additional 20,527 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Urban Outfitters by 167.8% during the third quarter. Victory Capital Management Inc. now owns 34,797 shares of the apparel retailer’s stock worth $1,138,000 after buying an additional 21,802 shares during the period. 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.