Barclays Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its target price hoisted by Barclays from $51.00 to $63.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the apparel retailer’s stock.

URBN has been the topic of a number of other reports. Telsey Advisory Group increased their price objective on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 14th. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Robert W. Baird increased their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.64.

Urban Outfitters Stock Up 3.4 %

URBN stock opened at $55.01 on Thursday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $59.05. The stock has a market capitalization of $5.08 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55. The firm has a 50 day moving average of $50.10 and a 200 day moving average of $43.07.

Urban Outfitters (NASDAQ:URBN) last announced 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. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. On average, equities research analysts expect that Urban Outfitters will post 3.89 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the sale, the director now directly owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in URBN. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. GAMMA Investing LLC raised its holdings in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Quarry LP increased its position in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Urban Outfitters in the 2nd quarter valued at $42,000. Finally, Asset Management One Co. Ltd. purchased a new position in Urban Outfitters in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

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.