JPMorgan Chase & Co. Issues Pessimistic Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $56.00 to $50.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer's stock.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Robert W. Baird lifted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group upped their price target on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $55.18.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded up $1.78 during trading hours on Monday, reaching $49.48. The company's stock had a trading volume of 1,703,818 shares, compared to its average volume of 1,868,997. Urban Outfitters has a one year low of $33.86 and a one year high of $61.16. The company has a market capitalization of $4.58 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.02 and a beta of 1.37. The stock's fifty day simple moving average is $51.88 and its two-hundred day simple moving average is $48.83.

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

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm's stock in a transaction that occurred on 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 directly owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,976 shares of company stock valued at $2,421,213 in the last 90 days. Insiders own 31.80% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position in Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC grew its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters in the first quarter valued at approximately $52,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after acquiring an additional 1,125 shares during the period. 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.