Robert W. Baird Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price target increased by Robert W. Baird from $60.00 to $62.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

A number of other brokerages have also recently commented on URBN. Barclays boosted their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and an average target price of $55.55.

Urban Outfitters Price Performance

Shares of URBN opened at $57.25 on Thursday. The stock’s 50-day moving average is $55.85 and its two-hundred day moving average is $45.42. The stock has a market cap of $5.28 billion, a PE ratio of 16.40, a P/E/G 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.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The company 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 anticipate that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 202 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter valued at approximately $47,000. Finally, Quarry LP grew its holdings in shares of Urban Outfitters by 32.3% during the third 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 owned by 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.