Brokerages Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $56.00

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $56.00.

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 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, February 27th. UBS Group boosted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. increased 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, January 8th. Finally, Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st.

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Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company's stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,976 shares of company stock valued at $5,573,263. 31.80% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Urban Outfitters in the 3rd quarter worth $361,000. Intech Investment Management LLC purchased a new stake in Urban Outfitters in the 3rd quarter valued at $707,000. Martingale Asset Management L P lifted its stake in Urban Outfitters by 13.0% during the 3rd quarter. Martingale Asset Management L P now owns 34,433 shares of the apparel retailer's stock valued at $1,319,000 after acquiring an additional 3,952 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in Urban Outfitters by 51.4% during the 3rd quarter. Maverick Capital Ltd. now owns 173,730 shares of the apparel retailer's stock worth $6,656,000 after acquiring an additional 58,987 shares during the last quarter. Finally, Centiva Capital LP lifted its position in shares of Urban Outfitters by 100.7% during the third quarter. Centiva Capital LP now owns 28,683 shares of the apparel retailer's stock valued at $1,099,000 after purchasing an additional 14,393 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 1.8 %

Shares of URBN traded up $0.92 during midday trading on Friday, hitting $52.40. The company's stock had a trading volume of 1,698,588 shares, compared to its average volume of 1,787,962. Urban Outfitters has a one year low of $33.86 and a one year high of $61.16. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company's fifty day simple moving average is $54.59 and its two-hundred day simple moving average is $47.73.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The firm 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%. On average, research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

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.