Urban Outfitters (NASDAQ:URBN) Price Target Raised to $85.00

Urban Outfitters (NASDAQ:URBN) had its target price raised by analysts at Telsey Advisory Group from $80.00 to $85.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 11.06% from the stock’s previous close.

URBN has been the topic of several other research reports. Bank of America lifted their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Wall Street Zen upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a report on Wednesday, October 8th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Citigroup reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $84.36.

Urban Outfitters Stock Up 12.0%

Shares of NASDAQ:URBN opened at $76.54 on Wednesday. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $80.71. The business has a 50-day moving average price of $67.23 and a 200-day moving average price of $70.07. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.04 and a beta of 1.28.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $1.10 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $70.11, for a total transaction of $654,336.63. Following the sale, the chief executive officer directly owned 2,430,722 shares in the company, valued at $170,417,919.42. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the sale, the director owned 14,250 shares of the company’s stock, valued at $999,210. This trade represents a 6.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,400 shares of company stock worth $3,118,738 in the last 90 days. 31.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in Urban Outfitters in the 3rd quarter valued at $25,000. Hollencrest Capital Management bought a new position in Urban Outfitters in the 2nd quarter valued at $26,000. Global Retirement Partners LLC increased its stake in shares of Urban Outfitters by 158.4% in the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 282 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 301 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 687 shares during the period. 77.61% of the stock is currently owned by institutional investors.

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.