Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Bank of America Analyst Says

Urban Outfitters (NASDAQ:URBN) had its target price hoisted by Bank of America from $46.00 to $53.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the apparel retailer’s stock. Bank of America‘s price objective would indicate a potential upside of 11.60% from the stock’s previous close.

URBN has been the subject of a number of other research reports. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday. Morgan Stanley lowered their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Robert W. Baird raised their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays dropped their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.27.

Urban Outfitters Trading Up 18.3 %

URBN stock opened at $47.49 on Wednesday. Urban Outfitters has a 1-year low of $33.17 and a 1-year high of $48.90. The business’s 50-day moving average price is $37.44 and its two-hundred day moving average price is $40.11. The firm has a market cap of $4.38 billion, a PE ratio of 13.61, a P/E/G ratio of 0.95 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data 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. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.88 EPS. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that Urban Outfitters will post 3.65 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the period. Quarry LP lifted its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth $42,000. Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth $48,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters in the third quarter worth $47,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.