UBS Group Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by UBS Group from $45.00 to $54.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

Several other research firms have also recently commented on URBN. JPMorgan Chase & Co. cut their price target on Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays cut their price target on Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Morgan Stanley cut their price target on Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Finally, Robert W. Baird increased their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $52.82.

Urban Outfitters Trading Up 3.6%

URBN stock opened at $59.33 on Tuesday. The company has a market capitalization of $5.50 billion, a P/E ratio of 17.00, a PEG ratio of 1.02 and a beta of 1.33. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $61.16. The business has a 50 day simple moving average of $50.82 and a 200-day simple moving average of $50.82.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Research analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders sold a total of 29,976 shares of company stock worth $1,663,713 over the last 90 days. 31.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in URBN. Whipplewood Advisors LLC increased its position in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 687 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Urban Outfitters during the first quarter valued at $52,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.