Robert W. Baird Raises Urban Outfitters (NASDAQ:URBN) Price Target to $26.00

Urban Outfitters (NASDAQ:URBNGet Rating) had its target price upped by Robert W. Baird from $23.00 to $26.00 in a research report report published on Tuesday, The Fly reports.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Urban Outfitters from $24.00 to $20.00 in a research note on Thursday, August 25th. Barclays boosted their target price on shares of Urban Outfitters from $17.00 to $19.00 and gave the stock an equal weight rating in a report on Thursday, August 25th. Citigroup boosted their target price on shares of Urban Outfitters from $27.00 to $30.00 and gave the stock a buy rating in a report on Tuesday. StockNews.com started coverage on shares of Urban Outfitters in a report on Wednesday, October 12th. They issued a hold rating on the stock. Finally, BMO Capital Markets boosted their target price on shares of Urban Outfitters from $19.00 to $24.00 and gave the stock a market perform rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Urban Outfitters presently has an average rating of Hold and a consensus target price of $26.08.

Urban Outfitters Stock Down 0.4 %

Urban Outfitters stock opened at $27.68 on Tuesday. The firm has a 50-day moving average price of $23.13 and a two-hundred day moving average price of $21.75. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.91 and a beta of 1.37. Urban Outfitters has a 52-week low of $17.81 and a 52-week high of $33.77.

Urban Outfitters (NASDAQ:URBNGet Rating) last posted its earnings results on Monday, November 21st. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Urban Outfitters had a net margin of 3.57% and a return on equity of 9.83%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. Research analysts expect that Urban Outfitters will post 1.71 earnings per share for the current year.

Insider Activity

In other news, COO Frank Conforti sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer now owns 25,960 shares in the company, valued at $649,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Azeez Hayne sold 4,095 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $25.02, for a total transaction of $102,456.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Frank Conforti sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer now directly owns 25,960 shares in the company, valued at $649,000. The disclosure for this sale can be found here. 27.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its position in Urban Outfitters by 323.2% during the second quarter. US Bancorp DE now owns 1,477 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 1,128 shares in the last quarter. Captrust Financial Advisors grew its position in Urban Outfitters by 148.5% during the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 916 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Urban Outfitters in the third quarter worth approximately $40,000. Quadrant Capital Group LLC grew its position in Urban Outfitters by 663.4% in the third quarter. Quadrant Capital Group LLC now owns 2,840 shares of the apparel retailer’s stock worth $56,000 after acquiring an additional 2,468 shares in the last quarter. Finally, KBC Group NV bought a new stake in Urban Outfitters in the third quarter worth approximately $98,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Further Reading

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