Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Price Target at $87.18

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $87.1818.

URBN has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $72.00 price target on shares of Urban Outfitters in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays reduced their price target on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 32.10% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently bought and sold shares of the company. Cinctive Capital Management LP acquired a new position in Urban Outfitters in the 3rd quarter valued at $4,104,000. HighTower Advisors LLC increased its stake in Urban Outfitters by 883.4% in the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock valued at $3,242,000 after buying an additional 38,700 shares during the period. Jupiter Asset Management Ltd. increased its stake in Urban Outfitters by 33.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after buying an additional 327,453 shares during the period. Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after buying an additional 142,909 shares during the period. Finally, Braun Stacey Associates Inc. acquired a new position in Urban Outfitters in the 4th quarter valued at $19,366,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Trading Down 2.8%

Shares of NASDAQ:URBN opened at $71.46 on Tuesday. The firm has a 50 day simple moving average of $72.48 and a 200-day simple moving average of $71.10. The company has a market capitalization of $6.12 billion, a PE ratio of 13.72, a P/E/G ratio of 1.39 and a beta of 1.22. Urban Outfitters has a twelve month low of $59.53 and a twelve month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. Urban Outfitters’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities research analysts predict that Urban Outfitters will post 6.01 EPS for the current fiscal year.

Urban Outfitters Company Profile

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.