Barclays Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective increased by Barclays from $63.00 to $68.00 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the apparel retailer’s stock.

Other research analysts have also issued research reports about the company. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Bank of America raised their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Telsey Advisory Group increased their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $58.19 on Friday. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $60.90. The firm has a market capitalization of $5.37 billion, a PE ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54. The stock has a fifty day simple moving average of $55.91 and a two-hundred day simple moving average of $45.54.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, sell-side analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.80% of the stock is owned by insiders.

Institutional Trading of Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters during the third quarter worth approximately $47,000. Finally, Quarry LP increased its position in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the period. Institutional investors own 77.61% of the company’s stock.

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.