Urban Outfitters (NASDAQ:URBN) PT Raised to $31.00 at BMO Capital Markets

Urban Outfitters (NASDAQ:URBN – Get Rating) had its price objective upped by investment analysts at BMO Capital Markets from $25.00 to $31.00 in a research note issued on Wednesday, The Fly reports. BMO Capital Markets’ price objective suggests a potential upside of 2.72% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. Robert W. Baird lifted their target price on shares of Urban Outfitters from $30.00 to $32.00 in a report on Wednesday. Barclays upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $38.00 in a report on Wednesday. Morgan Stanley lifted their target price on shares of Urban Outfitters from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, February 15th. Finally, Citigroup lifted their target price on shares of Urban Outfitters from $32.00 to $36.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.33.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $30.18 on Wednesday. The company has a 50 day simple moving average of $27.13 and a 200-day simple moving average of $26.84. The company has a market capitalization of $2.79 billion, a P/E ratio of 15.56, a P/E/G ratio of 0.60 and a beta of 1.50. Urban Outfitters has a 1 year low of $18.20 and a 1 year high of $32.46.

Urban Outfitters (NASDAQ:URBN – Get Rating) last announced its quarterly earnings results on Tuesday, May 23rd. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.20. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. Urban Outfitters had a net margin of 3.73% and a return on equity of 10.61%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. As a group, research analysts expect that Urban Outfitters will post 2.46 EPS for the current year.

Insider Transactions at Urban Outfitters

In other news, COO Frank Conforti sold 42,000 shares of Urban Outfitters stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $27.28, for a total transaction of $1,145,760.00. Following the completion of the sale, the chief operating officer now directly owns 2,361 shares of the company’s stock, valued at approximately $64,408.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Frank Conforti sold 42,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $27.28, for a total value of $1,145,760.00. Following the completion of the sale, the chief operating officer now directly owns 2,361 shares of the company’s stock, valued at $64,408.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Azeez Hayne sold 16,116 shares of the business’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $26.25, for a total transaction of $423,045.00. The disclosure for this sale can be found here. In the last three months, insiders sold 67,189 shares of company stock valued at $1,813,413. Insiders own 31.90% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently bought and sold shares of URBN. BlackRock Inc. boosted its stake in shares of Urban Outfitters by 21.4% during the first quarter. BlackRock Inc. now owns 12,133,038 shares of the apparel retailer’s stock worth $336,328,000 after buying an additional 2,138,104 shares during the period. Shapiro Capital Management LLC raised its holdings in Urban Outfitters by 4.6% during the first quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock worth $237,867,000 after purchasing an additional 420,001 shares in the last quarter. Turtle Creek Asset Management Inc. raised its holdings in Urban Outfitters by 1.0% during the third quarter. Turtle Creek Asset Management Inc. now owns 7,264,757 shares of the apparel retailer’s stock worth $142,752,000 after purchasing an additional 69,850 shares in the last quarter. Vanguard Group Inc. raised its holdings in Urban Outfitters by 6.0% during the third quarter. Vanguard Group Inc. now owns 6,641,142 shares of the apparel retailer’s stock worth $130,499,000 after purchasing an additional 376,130 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Urban Outfitters by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,405,655 shares of the apparel retailer’s stock worth $177,560,000 after purchasing an additional 419,590 shares in the last quarter. 77.30% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.