Urban Outfitters (NASDAQ:URBN) PT Lowered to $34.00

Urban Outfitters (NASDAQ:URBN) had its target price decreased by investment analysts at Jefferies Financial Group from $35.00 to $34.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “underperform” rating on the apparel retailer’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 11.89% from the stock’s previous close.

URBN has been the subject of several other research reports. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. UBS Group upped their price target on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. BMO Capital Markets dropped their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday. Barclays cut their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Robert W. Baird increased their target price on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Trading Up 2.9 %

Shares of URBN opened at $38.59 on Thursday. Urban Outfitters has a twelve month low of $30.05 and a twelve month high of $48.90. The firm has a market capitalization of $3.60 billion, a P/E ratio of 12.24, a PEG ratio of 1.00 and a beta of 1.51. The firm’s 50-day moving average is $43.43 and its two-hundred day moving average is $42.15.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Analysts predict that Urban Outfitters will post 3.57 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total value of $583,541.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction of $583,541.26. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after acquiring an additional 1,230,771 shares during the last quarter. Vanguard Group Inc. increased its position in Urban Outfitters by 9.6% during the 4th quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock worth $273,835,000 after purchasing an additional 674,790 shares in the last quarter. Woodson Capital Management LP acquired a new stake in Urban Outfitters during the 1st quarter worth approximately $27,233,000. Cercano Management LLC purchased a new position in Urban Outfitters in the fourth quarter valued at approximately $18,815,000. Finally, Goldman Sachs Group Inc. lifted its position in Urban Outfitters by 82.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock valued at $37,101,000 after buying an additional 470,323 shares in 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.