Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $86.50

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $86.50.

URBN has been the subject of a number of research reports. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley increased their target price on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday. UBS Group lifted their price objective on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a report on Wednesday, December 17th.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $75.26 on Tuesday. The firm has a 50 day moving average price of $71.56 and a two-hundred day moving average price of $72.01. The stock has a market cap of $6.75 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $83.94.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. Analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the sale, the chief executive officer owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 332,733 shares of company stock valued at $25,704,752. Company insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $25,000. Hollencrest Capital Management bought a new stake in Urban Outfitters in the 2nd quarter valued at $26,000. Global Retirement Partners LLC increased its holdings in shares of Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 301 shares in the last quarter. Finally, Kilter Group LLC purchased a new stake in Urban Outfitters during the second quarter valued at $36,000. 77.61% of the stock is currently owned by institutional investors.

About Urban Outfitters

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.