Urban Outfitters (NASDAQ:URBN) Price Target Raised to $63.00 at Barclays

Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by Barclays from $51.00 to $63.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the apparel retailer’s stock.

Other analysts also recently issued reports about the company. Morgan Stanley raised their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Robert W. Baird boosted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average target price of $51.64.

Urban Outfitters Trading Down 2.6 %

URBN opened at $53.21 on Thursday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $59.05. The firm has a market capitalization of $4.91 billion, a PE ratio of 15.25, a PEG ratio of 1.19 and a beta of 1.55. The firm’s 50-day moving average price is $49.44 and its 200 day moving average price is $42.91.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts predict that Urban Outfitters will post 3.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares in the last quarter. Quarry LP raised its position in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters during the second quarter worth about $42,000. GAMMA Investing LLC increased its stake in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters in the third quarter valued at approximately $47,000. 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.