Urban Outfitters (NASDAQ:URBN) Price Target Raised to $46.00

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price target boosted by investment analysts at Telsey Advisory Group from $44.00 to $46.00 in a research report issued on Wednesday, Marketbeat reports. The firm currently has a "market perform" rating on the apparel retailer's stock. Telsey Advisory Group's target price would indicate a potential downside of 3.58% from the company's current price.

A number of other brokerages have also recently weighed in on URBN. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Saturday, September 28th. Jefferies Financial Group dropped their target price on Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating on the stock in a report on Thursday, August 22nd. Bank of America decreased their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. BMO Capital Markets reduced their target price on 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, Morgan Stanley dropped their price target on Urban Outfitters from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.27.

Urban Outfitters Trading Up 18.9 %

Shares of Urban Outfitters stock traded up $7.57 on Wednesday, hitting $47.71. 6,454,552 shares of the company traded hands, compared to its average volume of 1,701,405. The company has a market cap of $4.40 billion, a PE ratio of 14.20, a PEG ratio of 0.95 and a beta of 1.50. The stock's 50 day moving average price is $37.24 and its 200-day moving average price is $40.06. Urban Outfitters has a 52 week low of $33.17 and a 52 week high of $48.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.82 by $0.28. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that Urban Outfitters will post 3.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 31.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Harbor Capital Advisors Inc. lifted its holdings in shares of Urban Outfitters by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer's stock worth $1,901,000 after purchasing an additional 34,350 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Urban Outfitters in the second quarter valued at about $582,000. Nisa Investment Advisors LLC increased its stake in shares of Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer's stock worth $412,000 after acquiring an additional 531 shares during the period. Aigen Investment Management LP acquired a new stake in Urban Outfitters in the third quarter valued at about $2,143,000. Finally, Fisher Asset Management LLC raised its stake in shares of Urban Outfitters by 3.1% during the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock worth $79,433,000 after buying an additional 62,019 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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.