Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Average Price Target of $89.75 According to Brokerages

Urban Outfitters, Inc. (NASDAQ:URBN) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $89.75.

A number of equities research analysts have weighed in on URBN shares. Morgan Stanley restated an “overweight” rating and set a $90.00 price target on shares of Urban Outfitters in a research report on Thursday, August 27th. UBS Group increased their price objective on Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Weiss Ratings raised Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 22nd. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st.

Insider Buying and Selling

In other news, CFO Melanie Marein-Efron sold 5,700 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the sale, the chief financial officer directly owned 11,323 shares in the company, valued at approximately $914,332.25. The trade was a 33.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tricia Smith sold 3,500 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the completion of the sale, the chief executive officer directly owned 30,112 shares of the company’s stock, valued at $2,287,006.40. This trade represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 32.10% of the company’s stock.

Institutional Trading of Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the business. Eurizon Capital SGR S.p.A. purchased a new position in shares of Urban Outfitters in the fourth quarter worth about $27,000. Allworth Financial LP purchased a new stake in Urban Outfitters during the 2nd quarter valued at about $31,000. Kilter Group LLC purchased a new stake in Urban Outfitters during the 2nd quarter valued at about $35,000. NewEdge Advisors LLC grew its position in Urban Outfitters by 87.0% during the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 247 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Urban Outfitters during the 4th quarter worth approximately $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $79.75 on Thursday. The company’s fifty day moving average price is $77.45 and its 200-day moving average price is $73.00. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.25 and a beta of 1.24. Urban Outfitters has a one year low of $59.53 and a one year high of $85.43.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $1.58 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts expect that Urban Outfitters will post 6.2 EPS for the current year.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.