Urban Outfitters (NASDAQ:URBN) Price Target Lowered to $54.00 at Citigroup

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price objective dropped by investment analysts at Citigroup from $65.00 to $54.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the apparel retailer's stock. Citigroup's target price indicates a potential upside of 15.51% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Barclays lifted their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Telsey Advisory Group boosted their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Hold" and an average price target of $55.55.

Urban Outfitters Stock Down 3.4 %

URBN stock traded down $1.67 during midday trading on Tuesday, hitting $46.75. The company's stock had a trading volume of 3,065,849 shares, compared to its average volume of 1,863,609. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $61.16. The company has a 50 day moving average of $52.67 and a two-hundred day moving average of $48.54.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.15. The company had revenue of $1.64 billion for 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%. On average, analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares of the company's stock, valued at $679,697.94. The trade was a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the company's stock in a transaction that occurred on 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 represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,976 shares of company stock worth $2,421,213 over the last three months. Corporate insiders own 31.80% of the company's stock.

Institutional Trading of Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. lifted its position in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after purchasing an additional 1,094,134 shares during the period. Proficio Capital Partners LLC raised its position in Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after acquiring an additional 859,886 shares in the last quarter. Norges Bank acquired a new position in Urban Outfitters in the fourth quarter valued at approximately $31,605,000. Wealthfront Advisers LLC acquired a new position in Urban Outfitters in the fourth quarter valued at approximately $21,140,000. Finally, Voloridge Investment Management LLC purchased a new stake in Urban Outfitters in the 4th quarter worth approximately $18,513,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.