Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $42.30

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $42.30.

A number of research firms have recently commented on URBN. Jefferies Financial Group reduced their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. Barclays lowered their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets cut their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Wells Fargo & Company decreased their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, Morgan Stanley dropped their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd.

Urban Outfitters Trading Down 0.2 %

Shares of URBN opened at $36.26 on Thursday. The stock’s 50-day moving average price is $36.54 and its two-hundred day moving average price is $40.22. Urban Outfitters has a 12 month low of $31.37 and a 12 month high of $48.90. The company has a market capitalization of $3.35 billion, a PE ratio of 11.09, a PEG ratio of 0.87 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. Equities research analysts predict that Urban Outfitters will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Urban Outfitters in the first quarter worth approximately $243,000. Diversified Trust Co raised its position in Urban Outfitters by 29.5% in the 1st quarter. Diversified Trust Co now owns 18,478 shares of the apparel retailer’s stock valued at $802,000 after buying an additional 4,206 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Urban Outfitters by 9.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,842 shares of the apparel retailer’s stock valued at $558,000 after acquiring an additional 1,129 shares in the last quarter. Capstone Investment Advisors LLC boosted its holdings in Urban Outfitters by 2,681.7% during the 1st quarter. Capstone Investment Advisors LLC now owns 58,914 shares of the apparel retailer’s stock worth $2,558,000 after acquiring an additional 61,196 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. grew its stake in shares of Urban Outfitters by 33.3% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the apparel retailer’s stock worth $3,647,000 after acquiring an additional 21,000 shares in 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.