Urban Outfitters, Inc. (NASDAQ:URBN) Receives $87.00 Average Price Target from Brokerages

Urban Outfitters, Inc. (NASDAQ:URBN) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $87.9091.

URBN has been the topic of a number of research reports. Bank of America lifted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Monday, July 6th. Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. 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 note on Thursday, May 21st. Finally, Barclays lowered their price objective 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.

Insider Activity

In other news, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction 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 Urban Outfitters stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the transaction, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. lifted its stake in shares of Urban Outfitters by 33.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock worth $97,646,000 after acquiring an additional 327,453 shares during the last quarter. HighTower Advisors LLC grew its position 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 acquiring an additional 38,700 shares during the last quarter. Virtus Wealth Solutions LLC bought a new position in Urban Outfitters in the 4th quarter valued at $1,310,000. UBS Group AG increased its stake in Urban Outfitters by 339.3% in the fourth quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock worth $48,276,000 after purchasing an additional 495,441 shares during the period. Finally, Braun Stacey Associates Inc. purchased a new stake in Urban Outfitters in the fourth quarter worth $19,366,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Up 2.5%

Shares of Urban Outfitters stock opened at $74.83 on Friday. Urban Outfitters has a twelve month low of $59.53 and a twelve month high of $84.35. The business has a 50-day moving average price of $72.12 and a 200-day moving average price of $70.18. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.35 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts expect that Urban Outfitters will post 6.13 EPS for the current fiscal year.

About Urban Outfitters

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.