Urban Outfitters, Inc. (NASDAQ:URBN) Receives $81.91 Average Price Target from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $81.9091.

Several equities analysts recently commented on URBN shares. Barclays reaffirmed an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a report on Friday, August 29th. Bank of America increased their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Finally, Morgan Stanley increased their target price on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, August 28th.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 3,400 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total transaction of $237,218.00. Following the completion of the sale, the chief executive officer owned 10,077 shares of the company’s stock, valued at $703,072.29. This represents a 25.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary Egan sold 1,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the sale, the director directly owned 14,250 shares of the company’s stock, valued at $999,210. The trade was a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,400 shares of company stock valued at $3,118,738 in the last quarter. Company insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Urban Outfitters by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 2,338,215 shares of the apparel retailer’s stock valued at $169,614,000 after buying an additional 15,689 shares during the period. Junto Capital Management LP lifted its position in shares of Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after purchasing an additional 244,801 shares during the period. Geode Capital Management LLC lifted its position in shares of Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after purchasing an additional 12,965 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after purchasing an additional 302,444 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Urban Outfitters by 59.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after purchasing an additional 477,909 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 0.2%

Urban Outfitters stock opened at $67.88 on Thursday. The firm’s 50 day simple moving average is $71.39 and its 200 day simple moving average is $67.37. The firm has a market capitalization of $6.09 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26. Urban Outfitters has a 1-year low of $34.76 and a 1-year high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. Urban Outfitters’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS. Research analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current year.

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.