Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price objective lifted by equities researchers at Telsey Advisory Group from $46.00 to $56.00 in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a "market perform" rating on the apparel retailer's stock. Telsey Advisory Group's target price would suggest a potential upside of 0.23% from the company's previous close.

A number of other research firms have also recently commented on URBN. Morgan Stanley lifted their price objective on Urban Outfitters from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. UBS Group raised their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Finally, Robert W. Baird raised their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $50.55.

Urban Outfitters Stock Performance

URBN stock traded up $0.05 during midday trading on Tuesday, hitting $55.87. 2,223,244 shares of the stock were exchanged, compared to its average volume of 2,128,330. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.10 and a beta of 1.55. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $59.05. The stock's 50-day moving average price is $48.68 and its 200-day moving average price is $42.72.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the company earned $0.88 EPS. The firm's revenue was up 6.3% on a year-over-year basis. Research analysts anticipate that Urban Outfitters will post 3.88 EPS for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock worth $56,765,000 after buying an additional 18,249 shares during the last quarter. Algert Global LLC increased its position in shares of Urban Outfitters by 36.0% in the 3rd quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer's stock worth $2,058,000 after purchasing an additional 14,220 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at about $642,000. Fisher Asset Management LLC lifted its position in shares of Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock worth $79,433,000 after purchasing an additional 62,019 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer's stock worth $107,244,000 after purchasing an additional 31,100 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.