Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price target hoisted by investment analysts at Wells Fargo & Company from $60.00 to $65.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the apparel retailer's stock. Wells Fargo & Company's target price points to a potential upside of 10.43% from the stock's current price.

URBN has been the subject of several other research reports. Barclays raised their price target on Urban Outfitters from $51.00 to $63.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. UBS Group raised their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Bank of America raised their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.00.

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Urban Outfitters Price Performance

Urban Outfitters stock traded up $0.67 during trading hours on Thursday, hitting $58.86. The stock had a trading volume of 3,385,352 shares, compared to its average volume of 1,702,841. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.02 and a beta of 1.54. The stock's fifty day moving average is $55.91 and its two-hundred day moving average is $45.62.

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

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new position in Urban Outfitters in the 4th quarter worth approximately $216,000. Public Employees Retirement System of Ohio increased its stake in Urban Outfitters by 1,778.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock worth $1,898,000 after buying an additional 32,747 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock worth $7,086,000 after buying an additional 19,551 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Urban Outfitters in the 4th quarter valued at about $18,513,000. Finally, Two Sigma Investments LP grew its stake in shares of Urban Outfitters by 50.3% during the fourth quarter. Two Sigma Investments LP now owns 21,302 shares of the apparel retailer's stock valued at $1,169,000 after acquiring an additional 7,133 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.