Barclays Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price objective hoisted by investment analysts at Barclays from $51.00 to $63.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the apparel retailer's stock. Barclays's price target indicates a potential upside of 14.52% from the company's current price.

Other analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Citigroup upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and increased their price objective for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $51.64.

Urban Outfitters Stock Up 3.4 %

NASDAQ URBN traded up $1.80 on Thursday, reaching $55.01. 2,236,234 shares of the stock traded hands, compared to its average volume of 2,147,639. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $59.05. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55. The firm's fifty day simple moving average is $49.76 and its 200 day simple moving average is $42.98.

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 for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Urban Outfitters will post 3.89 EPS for the current fiscal year.

Insider Activity

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now owns 510,296 shares of the company's stock, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased 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 worth $42,000 after purchasing an additional 202 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Urban Outfitters by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer's stock valued at $384,000 after buying an additional 258 shares in the last quarter. Quarry LP raised its position in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after acquiring an additional 298 shares in the last quarter. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after acquiring an additional 354 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Urban Outfitters by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer's stock worth $399,000 after acquiring an additional 482 shares in the last quarter. 77.61% of the stock is currently 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.