Urban Outfitters (NASDAQ:URBN) Price Target Lowered to $94.00 at JPMorgan Chase & Co.

Urban Outfitters (NASDAQ:URBN) had its price target reduced by JPMorgan Chase & Co. from $96.00 to $94.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the apparel retailer’s stock.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird set a $93.00 target price on Urban Outfitters in a research report on Wednesday, December 17th. Citigroup upped their price target on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Finally, Barclays upped their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.67.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $70.29 on Tuesday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.05 and a beta of 1.23. Urban Outfitters has a 12 month low of $41.89 and a 12 month high of $84.35. The firm’s 50 day simple moving average is $74.19 and its 200-day simple moving average is $72.41.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. The firm had revenue of $1.53 billion during the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. Analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $70.20, for a total value of $748,823.40. Following the completion of the transaction, the chief executive officer directly owned 17,643,927 shares of the company’s stock, valued at approximately $1,238,603,675.40. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $70.20, for a total value of $655,176.60. Following the completion of the transaction, the insider owned 2,104,067 shares in the company, valued at $147,705,503.40. The trade was a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 449,333 shares of company stock valued at $34,748,334 over the last quarter. 31.80% of the stock is owned by company insiders.

Institutional Trading of Urban Outfitters

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management purchased a new position in Urban Outfitters during the second quarter worth approximately $26,000. Spire Wealth Management boosted its stake in Urban Outfitters by 83.3% during the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Urban Outfitters by 158.4% in the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 282 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.