Urban Outfitters (NASDAQ:URBN) Price Target Raised to $68.00 at Barclays

Urban Outfitters (NASDAQ:URBN) had its price target upped by Barclays from $63.00 to $68.00 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the apparel retailer’s stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Bank of America increased their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group increased their price target on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Robert W. Baird increased their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.00.

Urban Outfitters Trading Up 1.6 %

URBN stock opened at $58.19 on Friday. The stock has a market capitalization of $5.37 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $60.90. The stock’s 50 day simple moving average is $55.91 and its 200 day simple moving average is $45.54.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 31.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in shares of Urban Outfitters in the 4th quarter worth $216,000. Public Employees Retirement System of Ohio increased its stake in Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock worth $1,898,000 after buying an additional 32,747 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer’s stock worth $7,086,000 after buying an additional 19,551 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Urban Outfitters in the 4th quarter worth $18,513,000. Finally, Two Sigma Investments LP increased its stake in Urban Outfitters by 50.3% in the 4th quarter. Two Sigma Investments LP now owns 21,302 shares of the apparel retailer’s stock worth $1,169,000 after buying an additional 7,133 shares in the last quarter. 77.61% of the stock is currently 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.