Urban Outfitters, Inc. (NASDAQ:URBN) Receives $56.00 Consensus PT from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given an average rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $56.00.

URBN has been the subject of a number of analyst reports. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. UBS Group increased their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Telsey Advisory Group raised their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird raised their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th.

Urban Outfitters Stock Performance

Shares of URBN opened at $53.07 on Friday. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $61.16. The stock has a market capitalization of $4.90 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.02 and a beta of 1.56. The company’s fifty day moving average is $54.39 and its two-hundred day moving average is $47.97.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Sell-side analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares of the company’s stock, valued at $902,898. This represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,976 shares of company stock valued at $5,573,263. Insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Urban Outfitters during the 3rd quarter worth about $361,000. Intech Investment Management LLC acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth about $707,000. Martingale Asset Management L P grew its holdings in shares of Urban Outfitters by 13.0% during the third quarter. Martingale Asset Management L P now owns 34,433 shares of the apparel retailer’s stock worth $1,319,000 after buying an additional 3,952 shares in the last quarter. Maverick Capital Ltd. lifted its stake in shares of Urban Outfitters by 51.4% during the third quarter. Maverick Capital Ltd. now owns 173,730 shares of the apparel retailer’s stock valued at $6,656,000 after buying an additional 58,987 shares during the period. Finally, Centiva Capital LP boosted its position in Urban Outfitters by 100.7% during the third quarter. Centiva Capital LP now owns 28,683 shares of the apparel retailer’s stock worth $1,099,000 after acquiring an additional 14,393 shares during 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.