Urban Outfitters, Inc. (NASDAQ:URBN) Receives $46.27 Average PT from Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have received a consensus rating of "Hold" from the eleven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.27.

URBN has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Telsey Advisory Group increased their target price on Urban Outfitters from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. BMO Capital Markets reduced their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating for the company in a report on Thursday, August 22nd. Finally, Bank of America increased their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th.

Urban Outfitters Stock Up 2.5 %

NASDAQ URBN traded up $1.35 during trading on Friday, reaching $55.09. 3,393,166 shares of the stock traded hands, compared to its average volume of 1,738,343. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $55.99. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The stock's 50-day moving average price is $42.02 and its 200 day moving average price is $41.24.

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

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer's stock valued at $107,244,000 after buying an additional 31,100 shares during the last quarter. Marshall Wace LLP lifted its stake in Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer's stock valued at $93,956,000 after acquiring an additional 1,230,771 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Urban Outfitters by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock valued at $79,433,000 after acquiring an additional 62,019 shares during the period. American Century Companies Inc. grew its position in shares of Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer's stock valued at $63,836,000 after acquiring an additional 264,708 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock worth $56,765,000 after purchasing an additional 18,249 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.