Urban Outfitters (NASDAQ:URBN) Given New $62.00 Price Target at Robert W. Baird

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price target upped by equities research analysts at Robert W. Baird from $60.00 to $62.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the apparel retailer's stock. Robert W. Baird's target price would suggest a potential upside of 5.33% from the company's previous close.

Several other equities analysts also recently weighed in on URBN. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Bank of America increased their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.00.

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Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded up $0.67 during midday trading on Thursday, reaching $58.86. 3,385,352 shares of the company's stock were exchanged, compared to its average volume of 1,702,841. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.02 and a beta of 1.54. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $60.90. The firm's 50 day simple moving average is $55.91 and its two-hundred day simple moving average is $45.62.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.63 billion. Equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now directly owns 495,296 shares of the company's stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 354 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Urban Outfitters by 61.5% in the 4th 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 during the period. GAMMA Investing LLC raised its stake in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after acquiring an additional 202 shares during the period. Asset Management One Co. Ltd. bought a new position in Urban Outfitters in the third quarter worth about $47,000. Finally, Quarry LP lifted its holdings in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after acquiring an additional 298 shares during the last quarter. Institutional investors and hedge funds 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.