Urban Outfitters, Inc. (NASDAQ:URBN) Receives $46.27 Consensus PT from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $46.27.

Several research firms have recently commented on URBN. Barclays raised their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th. Bank of America boosted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Urban Outfitters by 138.8% in 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 during the last quarter. Quarry LP lifted its stake in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Urban Outfitters in the second quarter valued at approximately $42,000. Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters during the third quarter worth approximately $47,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $55.09 on Friday. The firm has a market cap of $5.08 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.10 and a beta of 1.60. The firm’s 50 day moving average price is $42.39 and its 200-day moving average price is $41.32. Urban Outfitters has a one year low of $33.86 and a one year high of $55.99.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Urban Outfitters will post 3.88 EPS for the current fiscal year.

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.