Urban Outfitters (NASDAQ:URBN) PT Set at $76.00 by BMO Capital Markets

Urban Outfitters (NASDAQ:URBN) has been given a $76.00 price target by stock analysts at BMO Capital Markets in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ target price would indicate a potential upside of 5.15% from the company’s current price.

URBN has been the topic of several other research reports. Glj Research reiterated a “sell” rating on shares of Urban Outfitters in a research note on Thursday. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a “neutral” rating to an “overweight” rating and upped their target price for the company from $63.00 to $78.00 in a research report on Thursday. UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Finally, Citigroup decreased their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $67.45.

Urban Outfitters Stock Performance

URBN opened at $72.28 on Thursday. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $73.68. The firm’s fifty day moving average is $52.83 and its 200 day moving average is $52.26. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 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 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

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 transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This represents a 34.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock worth $1,663,713 in the last three months. Corporate insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock worth $121,700,000 after acquiring an additional 233,371 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after purchasing an additional 115,390 shares in the last quarter. Junto Capital Management LP boosted its stake in shares of Urban Outfitters by 16.5% during the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock valued at $90,571,000 after purchasing an additional 244,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Urban Outfitters by 27.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock valued at $73,212,000 after purchasing an additional 302,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after purchasing an additional 60,697 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.