Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) Price Target at $55.18

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have received an average rating of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $55.18.

Several analysts have recently commented on the stock. UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Citigroup cut their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays upped their target price on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company lifted their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th.

Urban Outfitters Stock Up 1.1 %

Shares of URBN traded up $0.57 during trading hours on Thursday, reaching $51.41. 1,410,755 shares of the company traded hands, compared to its average volume of 1,876,437. The business has a fifty day moving average price of $51.25 and a 200-day moving average price of $49.39. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $61.16. The stock has a market capitalization of $4.76 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. As a group, research analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Azeez Hayne sold 11,676 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,976 shares of company stock worth $1,663,713 in the last 90 days. Insiders own 31.80% of the company's stock.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of URBN. Jones Financial Companies Lllp increased its position in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after acquiring an additional 250 shares during the last quarter. Natixis Advisors LLC grew its position in Urban Outfitters by 1.7% in the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after acquiring an additional 252 shares during the period. Finally, Summit Investment Advisors Inc. raised its position in Urban Outfitters by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after purchasing an additional 351 shares during the period. 77.61% of the stock is 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.