Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) PT at $86.25

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $86.25.

A number of brokerages recently commented on URBN. Wells Fargo & Company decreased their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Barclays raised their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. dropped their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $71.50 on Monday. Urban Outfitters has a 1-year low of $51.30 and a 1-year high of $84.35. The firm has a market capitalization of $6.12 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The firm’s 50 day simple moving average is $66.94 and its 200 day simple moving average is $69.84.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Urban Outfitters’s revenue was up 10.1% on a year-over-year basis. Research analysts forecast that Urban Outfitters will post 5.84 earnings per share for the current year.

Insider Activity

In related news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $752,023.50. Following the completion of the transaction, the chief executive officer owned 17,449,385 shares in the company, valued at $1,230,181,642.50. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total transaction of $663,856.29. Following the sale, the insider directly owned 1,987,950 shares in the company, valued at $141,402,883.50. The trade was a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 44,682 shares of company stock valued at $3,160,808. Insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after acquiring an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Urban Outfitters by 343.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after purchasing an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 274 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Urban Outfitters by 14.0% during the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock valued at $13,242,000 after purchasing an additional 22,393 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.