Urban Outfitters (NASDAQ:URBN) Price Target Raised to $80.00

Urban Outfitters (NASDAQ:URBN) had its price objective raised by Wells Fargo & Company from $75.00 to $80.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the apparel retailer’s stock.

Several other equities research analysts have also weighed in on the company. Barclays raised their target price on Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. UBS Group upped their target price on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group lifted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $81.09 on Thursday. Urban Outfitters has a 12 month low of $59.53 and a 12 month high of $85.43. The firm has a market capitalization of $6.94 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The business’s fifty day moving average price is $74.04 and its 200 day moving average price is $70.84.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.Urban Outfitters’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. As a group, equities analysts anticipate that Urban Outfitters will post 6.14 EPS for the current year.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in URBN. HighTower Advisors LLC increased its position in Urban Outfitters by 7.0% in the 2nd quarter. HighTower Advisors LLC now owns 43,562 shares of the apparel retailer’s stock valued at $3,087,000 after acquiring an additional 2,857 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Urban Outfitters during the 2nd quarter worth approximately $262,000. California State Teachers Retirement System lifted its position in Urban Outfitters by 6,498.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,540,851 shares of the apparel retailer’s stock worth $321,765,000 after acquiring an additional 4,472,039 shares during the period. AlphaGrep UK Ltd acquired a new stake in Urban Outfitters during the 2nd quarter worth approximately $501,000. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Urban Outfitters by 2.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer’s stock valued at $679,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters News Roundup

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: Record quarterly performance: Urban Outfitters reported fiscal Q2 revenue of approximately $1.66 billion, up 10.4% year over year and above estimates of $1.65 billion. Earnings of $1.72 per share matched consensus and increased from $1.58 a year earlier, while the company highlighted record sales and profits. Urban Outfitters Reports Record Quarterly Sales and Profits
• Positive Sentiment: Broad-based brand and channel growth: Results benefited from strength across Urban Outfitters’ portfolio, digital sales and customer channels. Reports also emphasized operating discipline and subscription momentum at Nuuly, which is targeting more than $700 million in revenue. URBN Q2 Deep Dive: Digital Strength, Subscription Growth, and Operational Discipline Shape Results
• Positive Sentiment: Constructive outlook: Management outlined high-single-digit sales growth for fiscal 2027, supporting expectations that momentum can continue beyond the latest quarter. Urban Outfitters outlines high-single-digit FY 2027 sales growth
• Positive Sentiment: Analyst and technical support: Wells Fargo raised its price target to $80, while other coverage pointed to improved forecasts following the results. Investor’s Business Daily also identified URBN among stocks testing new highs and a potential buy point. Urban Outfitters Analysts Boost Their Forecasts After Q2 Results
• Neutral Sentiment: URBN appears to be outperforming much of the retail-wholesale sector this year, but investors remain focused on whether that relative strength is sustainable. Are Retail-Wholesale Stocks Lagging Urban Outfitters This Year?
• Negative Sentiment: The reaction remains somewhat mixed because one report described adjusted earnings as missing expectations despite stronger sales. Wells Fargo’s “equal weight” rating and $80 target also suggest limited near-term upside at recent trading levels. Urban Outfitters Analysts Boost Their Forecasts After Q2 Results

Urban Outfitters Company Profile

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.