Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Consensus Target Price of $90.54 According to Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $90.54.

URBN has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. BMO Capital Markets began coverage on Urban Outfitters in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price target for the company. Wolfe Research started coverage on Urban Outfitters in a report on Wednesday, October 21st. They issued a “peer perform” rating for the company. Morgan Stanley reissued an “overweight” rating and set a $90.00 price target on shares of Urban Outfitters in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $90.72 on Monday. The business’s fifty day moving average price is $80.86 and its two-hundred day moving average price is $73.12. The stock has a market cap of $7.77 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. Urban Outfitters has a one year low of $59.53 and a one year high of $93.64.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. As a group, equities research analysts predict that Urban Outfitters will post 6.20 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tricia Smith sold 3,500 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the transaction, the chief executive officer directly owned 30,112 shares in the company, valued at approximately $2,287,006.40. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,700 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the sale, the chief financial officer directly owned 11,323 shares in the company, valued at approximately $914,332.25. The trade was a 33.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 14,200 shares of company stock worth $1,161,400. 32.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently modified their holdings of URBN. BlackRock Inc. purchased a new stake in Urban Outfitters during the second quarter valued at about $615,160,000. Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock worth $273,274,000 after acquiring an additional 338,622 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Urban Outfitters by 23.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock worth $62,155,000 after purchasing an additional 189,454 shares during the period. Bank of America Corp DE purchased a new position in shares of Urban Outfitters in the 2nd quarter worth about $33,414,000. Finally, Engineers Gate Manager LP raised its holdings in shares of Urban Outfitters by 211.4% in the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock worth $30,344,000 after purchasing an additional 290,698 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.