Urban Outfitters, Inc. (NASDAQ:URBN) Receives $87.18 Average Target Price from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $87.1818.

URBN has been the topic of a number of research reports. Bank of America upped their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company reduced their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research report on Thursday, February 26th. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a report on Thursday, May 21st.

Insider Buying and Selling at Urban Outfitters

In related news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently modified their holdings of URBN. Edgestream Partners L.P. raised its stake in Urban Outfitters by 31.3% in the 1st quarter. Edgestream Partners L.P. now owns 56,134 shares of the apparel retailer’s stock worth $3,556,000 after purchasing an additional 13,383 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in Urban Outfitters in the 1st quarter worth about $570,000. South Dakota Investment Council acquired a new stake in Urban Outfitters in the 1st quarter worth about $298,000. Amundi acquired a new stake in Urban Outfitters in the 1st quarter worth about $212,000. Finally, California State Teachers Retirement System raised its stake in Urban Outfitters by 24.1% in the 1st quarter. California State Teachers Retirement System now owns 68,812 shares of the apparel retailer’s stock worth $4,359,000 after purchasing an additional 13,359 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $71.37 on Tuesday. The firm’s 50-day simple moving average is $72.34 and its 200-day simple moving average is $71.16. Urban Outfitters has a twelve month low of $59.53 and a twelve month high of $84.35. The firm has a market cap of $6.11 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities analysts forecast that Urban Outfitters will post 6.01 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

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.