Urban Outfitters (NASDAQ:URBN) Price Target Raised to $51.00 at Barclays

Urban Outfitters (NASDAQ:URBN) had its price target lifted by research analysts at Barclays from $43.00 to $51.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s target price indicates a potential upside of 11.74% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. BMO Capital Markets decreased their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Bank of America lifted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley decreased their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average target price of $45.27.

Urban Outfitters Stock Up 13.7 %

Shares of URBN stock opened at $45.64 on Wednesday. Urban Outfitters has a twelve month low of $33.17 and a twelve month high of $48.90. The stock’s fifty day simple moving average is $37.18 and its 200 day simple moving average is $40.06. The firm has a market capitalization of $4.21 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.95 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping 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 company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Urban Outfitters will post 3.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of the company. Marshall Wace LLP lifted its position in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after acquiring an additional 1,230,771 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Urban Outfitters during the third quarter valued at approximately $8,340,000. Empowered Funds LLC bought a new stake in Urban Outfitters during the third quarter worth $7,789,000. Finally, Hennessy Advisors Inc. purchased a new stake in Urban Outfitters in the 2nd quarter valued at $7,685,000. 77.61% of the stock is currently owned by institutional investors.

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.