Wells Fargo & Company Lowers Urban Outfitters (NASDAQ:URBN) Price Target to $75.00

Urban Outfitters (NASDAQ:URBNGet Free Report) had its target price reduced by research analysts at Wells Fargo & Company from $80.00 to $75.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 8.79% from the company’s current price.

URBN has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a report on Wednesday, December 17th. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Morgan Stanley upped their price objective on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.25.

View Our Latest Stock Report on Urban Outfitters

Urban Outfitters Stock Up 5.3%

NASDAQ:URBN traded up $3.48 during mid-day trading on Thursday, reaching $68.94. 1,052,962 shares of the stock were exchanged, compared to its average volume of 1,585,464. The stock has a market capitalization of $6.18 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.90 and a beta of 1.24. Urban Outfitters has a 1 year low of $41.89 and a 1 year high of $84.35. The company has a 50 day simple moving average of $72.88 and a 200-day simple moving average of $71.59.

Urban Outfitters (NASDAQ:URBNGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, research analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $74.94, for a total value of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,995,938 shares of the company’s stock, valued at $1,348,615,593.72. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 602,850 shares of company stock worth $45,557,264. Corporate insiders own 31.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in Urban Outfitters during the third quarter worth $25,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters in the second quarter valued at $26,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the 4th quarter worth $27,000. Brown Brothers Harriman & Co. boosted its position in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after buying an additional 326 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its position in shares of Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters News Summary

Here are the key news stories impacting Urban Outfitters this week:

About Urban Outfitters

(Get Free Report)

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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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