Urban Outfitters (NASDAQ:URBN) Given New $79.00 Price Target at UBS Group

Urban Outfitters (NASDAQ:URBN) had its target price lifted by UBS Group from $78.00 to $79.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the apparel retailer’s stock.

Several other equities analysts have also recently issued reports on URBN. Wells Fargo & Company upped their price target on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the company a “market perform” rating in a research report on Thursday, May 22nd. Morgan Stanley increased their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Citigroup reiterated a “neutral” rating and set a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $72.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and an average price target of $81.91.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $67.61 on Tuesday. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $80.71. The firm has a 50 day moving average price of $74.13 and a two-hundred day moving average price of $63.09. The stock has a market cap of $6.06 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.29.

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, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 11.3% on a year-over-year basis. Analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of the sale, the chief executive officer directly owned 13,477 shares of the company’s stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in URBN. Whipplewood Advisors LLC raised its position in Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 463 shares during the period. Hollencrest Capital Management purchased a new position in Urban Outfitters during the second quarter valued at approximately $26,000. Cullen Frost Bankers Inc. grew its stake in Urban Outfitters by 180.2% during the second 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 in the last quarter. Federated Hermes Inc. grew its stake in Urban Outfitters by 17,175.0% in the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after buying an additional 687 shares in the last quarter. Finally, Kilter Group LLC purchased a new position in Urban Outfitters in the 2nd quarter worth approximately $36,000. Institutional investors own 77.61% of the company’s stock.

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.