Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Urban Outfitters (NASDAQ:URBN) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $46.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 5.43% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Bank of America upped their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird increased their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Morgan Stanley lifted their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price target on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and an average price target of $47.18.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $57.10 on Wednesday. The company has a 50 day simple moving average of $47.86 and a two-hundred day simple moving average of $42.56. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $59.05. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the business. Diversified Trust Co raised its position in Urban Outfitters by 10.6% in the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock worth $1,030,000 after acquiring an additional 1,801 shares during the period. GAMMA Investing LLC raised its holdings in Urban Outfitters by 36.3% in the 4th 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 period. Franklin Resources Inc. lifted its position in Urban Outfitters by 7.6% during the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after purchasing an additional 2,527 shares in the last quarter. Geode Capital Management LLC grew its holdings in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares during the period. Finally, XTX Topco Ltd increased its position in Urban Outfitters by 367.0% in the third quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock worth $974,000 after buying an additional 19,982 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

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.