Urban Outfitters, Inc. (NASDAQ:URBN) Receives $87.91 Average PT from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $88.5455.

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $93.00 in a research report on Monday, July 20th. Weiss Ratings cut shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Finally, Bank of America boosted their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st.

Insider Buying and Selling

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the sale, the chief financial officer owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The disclosure for this sale is available in the SEC filing. Corporate insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jupiter Topco LLC purchased a new position in shares of Urban Outfitters during the 2nd quarter valued at approximately $1,765,000. J. Goldman & Co LP purchased a new stake in shares of Urban Outfitters in the second quarter valued at about $21,836,000. III Capital Management acquired a new position in shares of Urban Outfitters during the second quarter worth about $2,714,000. Hsbc Holdings PLC purchased a new position in Urban Outfitters during the second quarter worth about $1,613,000. Finally, PDT Partners LLC purchased a new position in Urban Outfitters during the second quarter worth about $4,521,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 2.1%

URBN stock opened at $77.81 on Wednesday. Urban Outfitters has a 52-week low of $59.53 and a 52-week high of $84.35. The company’s 50-day simple moving average is $73.72 and its 200-day simple moving average is $70.46. The firm has a market cap of $6.66 billion, a P/E ratio of 14.93, a PEG ratio of 1.41 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. On average, analysts anticipate that Urban Outfitters will post 6.13 earnings per share for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.