Urban Outfitters (NASDAQ:URBN) Price Target Raised to $54.00 at JPMorgan Chase & Co.

Urban Outfitters (NASDAQ:URBN) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $46.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 3.97% from the stock’s previous close.

Several other equities analysts also recently commented on URBN. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Robert W. Baird boosted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Bank of America raised their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and an average price target of $47.18.

Urban Outfitters Stock Down 0.8 %

URBN stock traded down $0.46 during trading on Wednesday, reaching $56.23. The company’s stock had a trading volume of 527,956 shares, compared to its average volume of 1,529,250. The company’s fifty day moving average is $47.03 and its 200-day moving average is $42.36. The company has a market capitalization of $5.19 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $59.05.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current year.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently bought and sold shares of URBN. Marshall Wace LLP boosted its position in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after buying an additional 1,230,771 shares during the period. American Century Companies Inc. boosted its stake in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares during the period. Cerity Partners LLC purchased a new stake in Urban Outfitters in the 3rd quarter valued at about $8,340,000. Empowered Funds LLC bought a new position in Urban Outfitters in the 3rd quarter worth about $7,789,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Urban Outfitters during the second quarter worth approximately $7,238,000. 77.61% of the stock is currently owned by 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.