Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $87.91

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $88.5455.

A number of equities research analysts have recently issued reports on URBN shares. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday. Barclays decreased their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a research note on Monday, July 6th. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $76.00 to $93.00 in a report on Monday, July 20th. Finally, Bank of America boosted their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 21st.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the sale, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Urban Outfitters in the second quarter valued at approximately $615,160,000. Dimensional Fund Advisors LP grew its stake in Urban Outfitters by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock worth $273,274,000 after buying an additional 338,622 shares in the last quarter. Abrams Bison Investments LLC bought a new position in shares of Urban Outfitters in the 4th quarter worth $127,114,000. Geode Capital Management LLC increased its holdings in shares of Urban Outfitters by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after buying an additional 35,244 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of Urban Outfitters by 33.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after buying an additional 327,453 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $77.81 on Wednesday. The business’s fifty day moving average is $73.72 and its 200 day moving average is $70.47. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.44 and a beta of 1.23. Urban Outfitters has a 52-week low of $59.53 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Equities analysts predict that Urban Outfitters will post 6.13 EPS for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.