Urban Outfitters (NASDAQ:URBN) Price Target Raised to $35.00

Urban Outfitters (NASDAQ:URBN) had its price objective boosted by Jefferies Financial Group from $32.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. Jefferies Financial Group currently has an underperform rating on the apparel retailer’s stock.

Several other analysts also recently issued reports on URBN. BMO Capital Markets upped their price objective on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a report on Thursday, February 29th. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $48.00 to $49.00 and gave the stock an outperform rating in a research report on Wednesday. StockNews.com lowered shares of Urban Outfitters from a buy rating to a hold rating in a research note on Friday, March 1st. JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a neutral rating on the stock in a research note on Wednesday, February 28th. Finally, UBS Group lifted their price objective on shares of Urban Outfitters from $42.00 to $43.00 and gave the company a neutral rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $42.82.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $41.75 on Wednesday. The firm’s 50 day simple moving average is $40.72 and its 200-day simple moving average is $39.31. Urban Outfitters has a fifty-two week low of $30.05 and a fifty-two week high of $47.29. The company has a market cap of $3.89 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, analysts expect that Urban Outfitters will post 3.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the transaction, the chief executive officer now owns 6,353 shares of the company’s stock, valued at $258,821.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the transaction, the chief executive officer now directly owns 6,353 shares in the company, valued at approximately $258,821.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Melanie Marein-Efron sold 3,345 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the transaction, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The disclosure for this sale can be found here. Insiders sold 18,473 shares of company stock valued at $757,483 over the last quarter. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently added to or reduced their stakes in URBN. Parallel Advisors LLC boosted its position in shares of Urban Outfitters by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in shares of Urban Outfitters by 3.3% during the third quarter. Oliver Luxxe Assets LLC now owns 15,900 shares of the apparel retailer’s stock worth $520,000 after purchasing an additional 514 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Urban Outfitters by 1.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,863 shares of the apparel retailer’s stock valued at $1,427,000 after buying an additional 603 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Urban Outfitters by 5.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,713 shares of the apparel retailer’s stock valued at $418,000 after acquiring an additional 621 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in Urban Outfitters by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 49,534 shares of the apparel retailer’s stock valued at $2,151,000 after purchasing an additional 646 shares in the last quarter. Hedge funds and other institutional investors 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.