Barclays Increases Urban Outfitters (NASDAQ:URBN) Price Target to $27.00

Urban Outfitters (NASDAQ:URBNGet Rating) had its price target hoisted by equities researchers at Barclays from $26.00 to $27.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s target price indicates a potential downside of 4.76% from the company’s current price.

URBN has been the subject of several other research reports. BMO Capital Markets increased their price objective on Urban Outfitters from $19.00 to $24.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 22nd. Robert W. Baird increased their price objective on Urban Outfitters from $23.00 to $26.00 in a research report on Tuesday, November 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $27.66 price objective on shares of Urban Outfitters in a research report on Wednesday. UBS Group set a $25.00 price objective on Urban Outfitters in a research report on Wednesday, November 23rd. Finally, Wells Fargo & Company increased their price objective on Urban Outfitters from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average price target of $26.64.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $28.35 on Friday. Urban Outfitters has a 12 month low of $17.81 and a 12 month high of $30.52. The business has a 50 day simple moving average of $26.26 and a 200-day simple moving average of $23.10. The stock has a market capitalization of $2.61 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41.

Urban Outfitters (NASDAQ:URBNGet Rating) last released its quarterly earnings results on Monday, November 21st. The apparel retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Urban Outfitters had a return on equity of 9.83% and a net margin of 3.57%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company earned $0.89 EPS. Urban Outfitters’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Urban Outfitters will post 1.75 EPS for the current year.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 4,095 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $25.02, for a total transaction of $102,456.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Frank Conforti sold 10,000 shares of Urban Outfitters stock in a transaction on Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer now owns 25,960 shares in the company, valued at $649,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Azeez Hayne sold 4,095 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $25.02, for a total value of $102,456.90. The disclosure for this sale can be found here. 27.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Large investors have recently modified their holdings of the stock. Clifford Capital Partners LLC acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $348,000. State of Alaska Department of Revenue raised its position in shares of Urban Outfitters by 417.0% in the second quarter. State of Alaska Department of Revenue now owns 48,410 shares of the apparel retailer’s stock valued at $903,000 after buying an additional 39,046 shares in the last quarter. Turtle Creek Asset Management Inc. increased its stake in Urban Outfitters by 29.4% in the second quarter. Turtle Creek Asset Management Inc. now owns 7,194,907 shares of the apparel retailer’s stock valued at $134,257,000 after acquiring an additional 1,634,400 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Urban Outfitters in the first quarter worth $2,652,000. Finally, Aigen Investment Management LP grew its stake in shares of Urban Outfitters by 102.3% in the second quarter. Aigen Investment Management LP now owns 185,028 shares of the apparel retailer’s stock worth $3,453,000 after purchasing an additional 93,576 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors.

Urban Outfitters Company Profile

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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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