Urban Outfitters (NASDAQ:URBN) Price Target Raised to $63.00

Urban Outfitters (NASDAQ:URBN) had its price objective increased by research analysts at Barclays from $51.00 to $63.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s target price suggests a potential upside of 18.33% from the stock’s previous close.

Several other brokerages have also recently commented on URBN. JPMorgan Chase & Co. boosted their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Robert W. Baird boosted their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.64.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded down $1.38 during midday trading on Thursday, hitting $53.24. The company had a trading volume of 912,348 shares, compared to its average volume of 1,999,165. The company has a fifty day moving average of $49.44 and a two-hundred day moving average of $42.91. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.19 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 quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that Urban Outfitters will post 3.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred 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 completion of the sale, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 31.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of URBN. Blue Trust Inc. grew its position 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 buying an additional 354 shares in the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares during the period. Quarry LP grew its holdings in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the 2nd quarter valued at about $42,000. Finally, Asset Management One Co. Ltd. purchased a new position in Urban Outfitters during the 3rd quarter valued at about $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.