Barclays Raises Urban Outfitters (NASDAQ:URBN) Price Target to $51.00

Urban Outfitters (NASDAQ:URBN) had its price target hoisted by Barclays from $43.00 to $51.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the apparel retailer’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lowered their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Robert W. Baird upped their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley cut their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Stock Up 18.3 %

Urban Outfitters stock opened at $47.49 on Wednesday. The stock has a market cap of $4.38 billion, a PE ratio of 14.52, a P/E/G ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 12-month low of $33.17 and a 12-month high of $48.90. The business’s 50-day moving average price is $37.24 and its two-hundred day moving average price is $40.06.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.28. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. As a group, analysts expect that Urban Outfitters will post 3.65 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 31.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Urban Outfitters by 5.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 62,583 shares of the apparel retailer’s stock worth $2,717,000 after buying an additional 2,953 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Urban Outfitters by 96.6% during the first quarter. Lazard Asset Management LLC now owns 6,815 shares of the apparel retailer’s stock worth $295,000 after acquiring an additional 3,348 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Urban Outfitters by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock worth $1,442,000 after purchasing an additional 2,307 shares during the period. Tidal Investments LLC increased its stake in Urban Outfitters by 5.8% in the first quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock valued at $807,000 after purchasing an additional 1,016 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Urban Outfitters by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after purchasing an additional 34,350 shares during the period. 77.61% of the stock is currently owned by institutional investors.

About Urban Outfitters

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.