Barclays Forecasts Strong Price Appreciation for Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters (NASDAQ:URBN) had its target price increased by equities researchers at Barclays from $59.00 to $73.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective would suggest a potential upside of 22.48% from the stock’s current price.

Several other equities analysts also recently issued reports on URBN. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. UBS Group lifted their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $50.00 to $63.00 and gave the company a “neutral” rating in a report on Monday. Citigroup reduced their price target on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $59.00 price target on shares of Urban Outfitters in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.36.

Urban Outfitters Trading Down 2.8%

Shares of NASDAQ:URBN opened at $59.60 on Tuesday. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $63.21. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.02 and a beta of 1.33. The firm’s 50-day moving average is $51.88 and its 200 day moving average is $51.75.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its stake in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the period. GSA Capital Partners LLP raised its stake in Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock valued at $545,000 after acquiring an additional 203 shares during the last quarter. Xponance Inc. lifted its position in Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 222 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Urban Outfitters by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer’s stock valued at $1,011,000 after purchasing an additional 228 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.