Urban Outfitters, Inc. (NASDAQ:URBN) Receives $42.30 Average Target Price from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.30.

Several research analysts recently weighed in on URBN shares. BMO Capital Markets reduced their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. 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 note on Thursday, August 22nd. Wells Fargo & Company dropped their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Barclays dropped their target price on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd.

Urban Outfitters Trading Up 1.1 %

Shares of NASDAQ URBN opened at $36.08 on Thursday. The company has a 50 day simple moving average of $36.58 and a two-hundred day simple moving average of $40.23. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.86 and a beta of 1.50. Urban Outfitters has a 12 month low of $31.37 and a 12 month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. Analysts forecast that Urban Outfitters will post 3.63 EPS for the current year.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 31.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after purchasing an additional 382,135 shares during the period. Marshall Wace LLP lifted its stake in Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after acquiring an additional 1,230,771 shares in the last quarter. American Century Companies Inc. lifted its stake in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Urban Outfitters by 0.4% during the 2nd quarter. Systematic Financial Management LP now owns 684,133 shares of the apparel retailer’s stock valued at $28,084,000 after acquiring an additional 2,674 shares during the period. Finally, Woodson Capital Management LP acquired a new position in Urban Outfitters in the 1st quarter valued at about $27,233,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.