Urban Outfitters (NASDAQ:URBN) Price Target Raised to $59.00 at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN) had its price target increased by analysts at Telsey Advisory Group from $56.00 to $59.00 in a report released on Thursday,Briefing.com Automated Import reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 11.49% from the stock’s previous close.

A number of other research firms have also issued reports on URBN. Bank of America boosted their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Barclays boosted their price target on Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $53.91.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $52.92 on Thursday. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $60.90. The company’s 50 day simple moving average is $55.78 and its 200-day simple moving average is $45.34. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Equities analysts expect that Urban Outfitters will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now directly owns 495,296 shares in the company, valued at $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds have recently made changes to their positions in URBN. Blue Trust Inc. increased its stake in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the period. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the third quarter worth $47,000. Finally, Quarry LP lifted its position in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.