Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) Price Target at $42.27

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has earned a consensus rating of "Hold" from the eleven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $42.27.

Several equities analysts have recently commented on URBN shares. Telsey Advisory Group restated a "market perform" rating and issued a $44.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 20th. Barclays cut their target price on Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, August 22nd. Morgan Stanley decreased their price target on Urban Outfitters from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 22nd. Wells Fargo & Company dropped their price objective on Urban Outfitters from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, August 22nd. Finally, Citigroup raised their price target on shares of Urban Outfitters from $39.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 31.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Urban Outfitters by 1.2% during 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. XTX Topco Ltd lifted its stake in shares of Urban Outfitters by 367.0% in the 3rd quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer's stock valued at $974,000 after purchasing an additional 19,982 shares during the period. Zacks Investment Management boosted its position in shares of Urban Outfitters by 10.4% during the 3rd quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer's stock valued at $1,671,000 after purchasing an additional 4,092 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Urban Outfitters during the third quarter worth approximately $3,894,000. Finally, State Street Corp increased its holdings in Urban Outfitters by 1.1% in 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 in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

URBN stock traded up $1.48 during midday trading on Monday, reaching $40.46. The company had a trading volume of 3,101,860 shares, compared to its average volume of 1,670,002. Urban Outfitters has a 1-year low of $32.02 and a 1-year high of $48.90. The stock has a 50 day moving average price of $37.11 and a 200-day moving average price of $40.07. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50.

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.