Urban Outfitters, Inc. (NASDAQ:URBN) Receives $56.00 Consensus Target Price from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $56.00.

URBN has been the subject of a number of analyst reports. Telsey Advisory Group increased their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. UBS Group increased their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, Barclays boosted their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. This trade represents a 44.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares in the company, valued at approximately $902,898. This trade represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,976 shares of company stock worth $5,573,263 over the last ninety days. 31.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently made changes to their positions in URBN. Jones Financial Companies Lllp increased its position in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after acquiring an additional 250 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Urban Outfitters by 1.7% in the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock worth $847,000 after purchasing an additional 252 shares during the last quarter. Finally, Quarry LP grew its position in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $46.61 on Friday. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $61.16. The company has a fifty day moving average of $53.81 and a 200-day moving average of $48.15. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

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

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.