Urban Outfitters, Inc. (NASDAQ:URBN) Receives $46.27 Average Target Price from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $46.27.

A number of research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Barclays raised their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently bought and sold shares of URBN. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. Quarry LP increased its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the second quarter valued at about $42,000. Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth about $47,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Urban Outfitters during the 2nd quarter worth about $48,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $54.55 on Friday. The firm has a market cap of $5.03 billion, a P/E ratio of 15.63, a PEG ratio of 1.10 and a beta of 1.60. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $55.99. The firm’s 50 day moving average price is $43.10 and its two-hundred day moving average price is $41.51.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. On average, sell-side analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

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.