Jefferies Financial Group Boosts Urban Outfitters (NASDAQ:URBN) Price Target to $35.00

Urban Outfitters (NASDAQ:URBN) had its price target boosted by Jefferies Financial Group from $32.00 to $35.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an underperform rating on the apparel retailer’s stock.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Urban Outfitters from a buy rating to a hold rating in a report on Friday, March 1st. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an outperform rating in a research note on Wednesday. Barclays raised their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the company an overweight rating in a research note on Wednesday. UBS Group raised their target price on shares of Urban Outfitters from $42.00 to $43.00 and gave the company a neutral rating in a research note on Thursday, May 16th. Finally, BMO Capital Markets raised their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a market perform rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Urban Outfitters presently has an average rating of Hold and a consensus price target of $42.82.

Urban Outfitters Trading Up 3.5 %

Urban Outfitters stock opened at $41.75 on Wednesday. The company has a market capitalization of $3.90 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.88 and a beta of 1.55. The firm’s fifty day simple moving average is $40.72 and its 200-day simple moving average is $39.34. 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 for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. Urban Outfitters’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, equities research analysts predict that Urban Outfitters will post 3.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction dated 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 in the company, valued at approximately $258,821.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction dated 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 in the company, valued at approximately $258,821.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the sale, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The disclosure for this sale can be found here. Insiders have sold 18,473 shares of company stock worth $757,483 in the last ninety days. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares during the last quarter. Spire Wealth Management lifted its holdings in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. Neo Ivy Capital Management bought a new position in Urban Outfitters during the 3rd quarter valued at about $81,000. DekaBank Deutsche Girozentrale bought a new position in Urban Outfitters during the 3rd quarter valued at about $112,000. Finally, Headlands Technologies LLC bought a new position in Urban Outfitters during the 4th quarter valued at about $150,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.