Barclays Increases Urban Outfitters (NASDAQ:URBN) Price Target to $68.00

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price objective raised by research analysts at Barclays from $63.00 to $68.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the apparel retailer's stock. Barclays's target price points to a potential upside of 16.86% from the stock's previous close.

URBN has been the topic of a number of other reports. StockNews.com downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Robert W. Baird increased their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday. UBS Group lifted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company increased their target price on Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $56.00.

Urban Outfitters Trading Up 1.6 %

URBN traded up $0.94 on Friday, hitting $58.19. 3,008,294 shares of the company's stock traded hands, compared to its average volume of 1,923,395. The company's 50 day simple moving average is $55.91 and its 200-day simple moving average is $45.62. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.02 and a beta of 1.54. Urban Outfitters has a one year low of $33.86 and a one year high of $60.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.80% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $216,000. Public Employees Retirement System of Ohio grew its position in Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock valued at $1,898,000 after acquiring an additional 32,747 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock valued at $7,086,000 after acquiring an additional 19,551 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Urban Outfitters in the 4th quarter valued at $18,513,000. Finally, Two Sigma Investments LP lifted its position in shares of Urban Outfitters by 50.3% during the fourth quarter. Two Sigma Investments LP now owns 21,302 shares of the apparel retailer's stock worth $1,169,000 after purchasing an additional 7,133 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.