Barclays Reiterates Overweight Rating for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN)‘s stock had its “overweight” rating restated by Barclays in a report issued on Friday,Benzinga reports. They currently have a $89.00 target price on the apparel retailer’s stock. Barclays‘s price target would indicate a potential upside of 32.68% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Citigroup reissued a “neutral” rating and issued a $76.00 price target (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $72.00 to $80.00 and gave the stock a “market perform” rating in a report on Thursday. Wall Street Zen lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Glj Research reaffirmed a “sell” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $81.82.

Urban Outfitters Stock Performance

URBN stock opened at $67.08 on Friday. The firm has a market cap of $6.01 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.15 and a beta of 1.44. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $80.71. The firm’s fifty day moving average is $74.14 and its 200 day moving average is $62.94.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. As a group, analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the transaction, the chief executive officer directly owned 13,477 shares of the company’s stock, valued at $950,398.04. This trade represents a 25.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of URBN. Whipplewood Advisors LLC lifted its position in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 463 shares during the period. Hollencrest Capital Management purchased a new position in Urban Outfitters during the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. lifted its position in Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 301 shares during the period. Federated Hermes Inc. lifted its position in Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 687 shares during the period. Finally, Kilter Group LLC purchased a new position in Urban Outfitters during the 2nd quarter valued at about $36,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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.