Urban Outfitters (NASDAQ:URBN) Price Target Raised to $56.00 at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN) had its target price lifted by Telsey Advisory Group from $46.00 to $56.00 in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a market perform rating on the apparel retailer’s stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 10th. UBS Group raised their target price on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. 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. Finally, Barclays raised their price objective on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.55.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $55.87 on Tuesday. The business’s 50-day moving average is $48.68 and its two-hundred day moving average is $42.72. The firm has a market capitalization of $5.16 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $59.05.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results 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 the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Equities analysts anticipate that Urban Outfitters will post 3.88 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now directly owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. Commonwealth Equity Services LLC lifted its holdings in Urban Outfitters by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock worth $399,000 after acquiring an additional 482 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Urban Outfitters by 22.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 60,820 shares of the apparel retailer’s stock worth $2,497,000 after purchasing an additional 11,286 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Urban Outfitters by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 99,121 shares of the apparel retailer’s stock worth $4,069,000 after purchasing an additional 3,327 shares during the last quarter. Hsbc Holdings PLC boosted its position in Urban Outfitters by 60.7% during the 2nd quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer’s stock valued at $971,000 after purchasing an additional 8,904 shares during the period. Finally, XTX Topco Ltd bought a new position in Urban Outfitters during the 2nd quarter worth $224,000. Institutional investors own 77.61% of the company’s stock.

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.