Urban Outfitters, Inc. (NASDAQ:URBN) Receives $90.64 Consensus Target Price from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBNGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat 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 price objective among brokers that have covered the stock in the last year is $89.75.

A number of brokerages have issued reports on URBN. Jefferies Financial Group increased their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Wells Fargo & Company boosted their price target on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Morgan Stanley reissued an “overweight” rating and set a $90.00 price target on shares of Urban Outfitters in a research report on Thursday, August 27th. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Finally, Bank of America lifted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st.

Get Our Latest Research Report on Urban Outfitters

Insiders Place Their Bets

In related news, CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer directly owned 11,323 shares in the company, valued at $914,332.25. This represents a 33.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 32.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in shares of Urban Outfitters by 211.4% in the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock worth $30,344,000 after purchasing an additional 290,698 shares during the last quarter. NewEdge Advisors LLC lifted its holdings 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 buying an additional 247 shares during the period. Allworth Financial LP lifted its holdings in Urban Outfitters by 186.9% during the 2nd quarter. Allworth Financial LP now owns 439 shares of the apparel retailer’s stock worth $31,000 after buying an additional 286 shares during the period. Nykredit A S bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $118,000. Finally, HighTower Advisors LLC increased its stake in shares of Urban Outfitters by 7.0% in the second quarter. HighTower Advisors LLC now owns 43,562 shares of the apparel retailer’s stock valued at $3,087,000 after buying an additional 2,857 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 2.6%

Shares of URBN opened at $75.60 on Friday. The company’s fifty day simple moving average is $75.43 and its 200 day simple moving average is $71.44. Urban Outfitters has a 1-year low of $59.53 and a 1-year high of $85.43. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.22 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. As a group, research analysts forecast that Urban Outfitters will post 6.16 earnings per share for the current year.

About Urban Outfitters

(Get Free Report)

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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