Brokerages Set Urban Outfitters, Inc. (URBN) Price Target at $31.04

Urban Outfitters, Inc. (NASDAQ:URBN) has earned an average rating of “Hold” from the twenty-nine ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $31.44.

URBN has been the subject of a number of research analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $42.00 target price (up from $39.00) on shares of Urban Outfitters in a report on Wednesday, March 7th. Royal Bank of Canada set a $40.00 target price on Urban Outfitters and gave the stock a “hold” rating in a report on Tuesday, March 6th. Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a report on Monday, December 18th. BidaskClub downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Finally, KeyCorp reiterated a “buy” rating on shares of Urban Outfitters in a report on Friday, December 15th.

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In related news, CEO Margaret Hayne sold 41,100 shares of the company’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $36.65, for a total transaction of $1,506,315.00. Following the completion of the sale, the chief executive officer now owns 1,066,184 shares in the company, valued at $39,075,643.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Frank Conforti sold 20,941 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $35.27, for a total value of $738,589.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,865 shares of company stock valued at $6,907,509. Corporate insiders own 26.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in URBN. Trust Co. of Vermont bought a new stake in Urban Outfitters during the fourth quarter worth $110,000. State of Alaska Department of Revenue bought a new stake in Urban Outfitters during the fourth quarter worth $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after buying an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co bought a new stake in Urban Outfitters during the fourth quarter worth $207,000. Finally, Shelton Capital Management bought a new stake in Urban Outfitters during the fourth quarter worth $234,000. Institutional investors and hedge funds own 76.74% of the company’s stock.

Urban Outfitters stock opened at $38.54 on Thursday. The company has a market capitalization of $4,182.75, a P/E ratio of 23.08, a P/E/G ratio of 1.42 and a beta of 0.54. Urban Outfitters has a one year low of $16.19 and a one year high of $38.70.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. analysts predict that Urban Outfitters will post 2.27 EPS for the current year.

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About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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