Robert W. Baird Raises Urban Outfitters (NASDAQ:URBN) Price Target to $49.00

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its target price lifted by research analysts at Robert W. Baird from $47.00 to $49.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the apparel retailer's stock. Robert W. Baird's price objective would suggest a potential upside of 3.18% from the stock's current price.

A number of other research firms have also issued reports on URBN. Telsey Advisory Group raised their target price on Urban Outfitters from $44.00 to $46.00 and gave the company a "market perform" rating in a report on Wednesday. Barclays cut their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, August 22nd. Bank of America cut their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group lowered their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating on the stock in a report on Thursday, August 22nd. Finally, Morgan Stanley reduced their price objective on shares of Urban Outfitters from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.27.

Urban Outfitters Stock Performance

Shares of URBN stock traded up $7.35 during midday trading on Wednesday, reaching $47.49. 8,107,309 shares of the company were exchanged, compared to its average volume of 1,705,172. The company's 50 day moving average price is $37.24 and its two-hundred day moving average price is $40.06. The company has a market cap of $4.38 billion, a P/E ratio of 14.20, a PEG ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 12 month low of $33.17 and a 12 month high of $48.90.

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

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.80% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. QRG Capital Management Inc. raised its stake in shares of Urban Outfitters by 2.4% in the 2nd quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer's stock valued at $383,000 after purchasing an additional 221 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Urban Outfitters by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer's stock worth $384,000 after acquiring an additional 258 shares during the period. Quarry LP boosted its holdings in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after buying an additional 298 shares during the period. Signaturefd LLC grew its position in shares of Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer's stock valued at $92,000 after purchasing an additional 299 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 354 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

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.