Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) PT at $87.00

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $87.9091.

Several brokerages have weighed in on URBN. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Bank of America increased their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $76.00 to $93.00 in a report on Monday. Morgan Stanley restated an “overweight” rating and set a $89.00 price objective on shares of Urban Outfitters in a research note on Monday, July 6th. Finally, Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, July 4th.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Abrams Bison Investments LLC acquired a new position in shares of Urban Outfitters during the 4th quarter valued at $127,114,000. Balyasny Asset Management L.P. lifted its holdings in shares of Urban Outfitters by 5,360.2% in the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares during the period. Norges Bank acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at $44,191,000. UBS Group AG boosted its stake in Urban Outfitters by 339.3% during the fourth quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock valued at $48,276,000 after buying an additional 495,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after buying an additional 338,622 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Trading Up 0.5%

Shares of NASDAQ:URBN opened at $69.97 on Friday. The firm’s 50 day moving average is $72.44 and its two-hundred day moving average is $70.12. The firm has a market capitalization of $5.99 billion, a P/E ratio of 13.43, a PEG ratio of 1.29 and a beta of 1.22. Urban Outfitters has a 52 week low of $59.53 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. Analysts predict that Urban Outfitters will post 6.13 EPS for the current year.

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.