Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $90.64

Urban Outfitters, Inc. (NASDAQ:URBN) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $89.75.

A number of brokerages have commented on URBN. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $93.00 in a report on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating and set a $90.00 price target on shares of Urban Outfitters in a research note on Thursday, August 27th. Barclays upped their price objective on Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th.

Insider Activity

In other news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the sale, the chief financial officer directly owned 11,323 shares of the company’s stock, valued at $914,332.25. This represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently bought and sold shares of URBN. Jupiter Asset Management Ltd. grew its stake in Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after acquiring an additional 327,453 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Urban Outfitters in the 4th quarter worth $7,539,000. HighTower Advisors LLC lifted 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 worth $3,242,000 after purchasing an additional 38,700 shares in the last quarter. Norges Bank bought a new position in shares of Urban Outfitters during the 4th quarter valued at about $44,191,000. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Urban Outfitters by 110.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 100,480 shares of the apparel retailer’s stock valued at $6,365,000 after purchasing an additional 52,645 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

URBN stock opened at $78.58 on Friday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.24 and a beta of 1.26. The business’s 50-day moving average is $75.58 and its two-hundred day moving average is $71.49. Urban Outfitters has a fifty-two week low of $59.53 and a fifty-two week high of $85.43.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $1.58 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that Urban Outfitters will post 6.16 earnings per share for the current year.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.