Urban Outfitters (NASDAQ:URBN) Given New $59.00 Price Target at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN) had its price target raised by Telsey Advisory Group from $56.00 to $59.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a market perform rating on the apparel retailer’s stock.

Several other equities analysts have also commented on URBN. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Wells Fargo & Company upped their price target on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Robert W. Baird upped their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Bank of America increased their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.55.

Urban Outfitters Stock Up 8.2 %

Shares of NASDAQ:URBN opened at $57.25 on Thursday. The business has a fifty day moving average of $55.85 and a two-hundred day moving average of $45.42. The stock has a market cap of $5.28 billion, a P/E ratio of 16.40, a PEG ratio of 1.02 and a beta of 1.54. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. On average, equities analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of URBN. Blue Trust Inc. increased its holdings 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 during the period. Jones Financial Companies Lllp increased its holdings in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at about $47,000. Finally, Quarry LP increased its holdings in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the last quarter. Hedge funds and other 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.