JPMorgan Chase & Co. Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $94.00 to $97.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 34.76% from the stock’s current price.

URBN has been the topic of a number of other research reports. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th. Jefferies Financial Group reissued a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a research report on Thursday. Bank of America upped their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average price target of $86.42.

Urban Outfitters Stock Performance

URBN stock traded up $0.31 during trading on Thursday, hitting $71.98. The stock had a trading volume of 761,355 shares, compared to its average volume of 1,570,927. Urban Outfitters has a 1-year low of $59.53 and a 1-year high of $84.35. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The company’s 50 day moving average price is $67.51 and its two-hundred day moving average price is $69.95.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, May 20th. The apparel retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Urban Outfitters will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the sale, the insider owned 1,933,859 shares in the company, valued at approximately $136,337,059.50. The trade was a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently made changes to their positions in URBN. Edgestream Partners L.P. grew its holdings in Urban Outfitters by 31.3% during the 1st quarter. Edgestream Partners L.P. now owns 56,134 shares of the apparel retailer’s stock valued at $3,556,000 after purchasing an additional 13,383 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in Urban Outfitters during the 1st quarter worth $570,000. South Dakota Investment Council acquired a new position in Urban Outfitters in the 1st quarter worth $298,000. Amundi purchased a new position in Urban Outfitters in the 1st quarter valued at about $212,000. Finally, California State Teachers Retirement System grew its stake in shares of Urban Outfitters by 24.1% during the first quarter. California State Teachers Retirement System now owns 68,812 shares of the apparel retailer’s stock valued at $4,359,000 after acquiring an additional 13,359 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Key Headlines Impacting Urban Outfitters

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: URBN posted record Q1 sales and net income, with EPS of $1.30 topping estimates of $1.12 and revenue of $1.48 billion beating Wall Street’s $1.46 billion forecast. The company also said revenue rose 11.4% year over year, reinforcing momentum across the business. Article Title
• Positive Sentiment: Management credited the quarter to Nuuly subscriber growth, stronger performance at Free People/FP Movement, and wholesale gains, signaling healthy demand across multiple segments rather than reliance on one brand. Article Title
• Positive Sentiment: Bank of America’s Lorraine Hutchinson raised her price target to $90 from a prior level and reiterated a Buy rating, citing strong brand momentum and margin expansion. That analyst support may help reinforce bullish sentiment around the stock. Article Title
• Neutral Sentiment: The earnings call transcript and related coverage mainly provide additional color on the quarter and are unlikely to be the primary driver versus the headline earnings beat and upbeat guidance/momentum narrative. Article Title

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.