UBS Group Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN - Free Report) had its target price raised by UBS Group from $45.00 to $60.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the apparel retailer's stock.

A number of other equities research analysts have also recently weighed in on URBN. Barclays upped their price objective on Urban Outfitters from $43.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on Urban Outfitters from $38.00 to $41.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday. StockNews.com lowered Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.64.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock traded down $0.14 on Friday, reaching $56.96. The company had a trading volume of 2,667,541 shares, compared to its average volume of 1,891,469. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 1.55. The firm's 50-day moving average price is $47.86 and its two-hundred day moving average price is $42.56. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $59.05.

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

Institutional Trading of Urban Outfitters

Large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Urban Outfitters by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer's stock valued at $399,000 after acquiring an additional 482 shares during the period. Natixis Advisors LLC raised its position in Urban Outfitters by 7.7% in the second quarter. Natixis Advisors LLC now owns 15,425 shares of the apparel retailer's stock worth $633,000 after acquiring an additional 1,106 shares in the last quarter. Rhumbline Advisers raised its position in Urban Outfitters by 0.9% in the second quarter. Rhumbline Advisers now owns 180,474 shares of the apparel retailer's stock worth $7,408,000 after acquiring an additional 1,649 shares in the last quarter. TD Asset Management Inc raised its position in Urban Outfitters by 123.7% in the second quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer's stock worth $698,000 after acquiring an additional 9,400 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer's stock worth $697,000 after acquiring an additional 401 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other 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.