Urban Outfitters (NASDAQ:URBN) Price Target Raised to $46.00 at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN) had its target price hoisted by Telsey Advisory Group from $44.00 to $46.00 in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a market perform rating on the apparel retailer’s stock.

Several other research analysts have also issued reports on the stock. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Barclays cut their target price on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company lowered their price target on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Bank of America cut their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Morgan Stanley lowered their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.27.

Urban Outfitters Trading Up 18.3 %

URBN opened at $47.49 on Wednesday. The stock’s 50 day simple moving average is $37.24 and its 200-day simple moving average is $40.06. The stock has a market cap of $4.38 billion, a PE ratio of 14.52, a P/E/G ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 1 year low of $33.17 and a 1 year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.28. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities analysts forecast that Urban Outfitters will post 3.65 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in Urban Outfitters by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock worth $1,901,000 after buying an additional 34,350 shares during the last quarter. Wesbanco Bank Inc. bought a new position in Urban Outfitters during the 2nd quarter worth approximately $582,000. Nisa Investment Advisors LLC grew its holdings in Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock valued at $412,000 after purchasing an additional 531 shares during the period. Aigen Investment Management LP bought a new stake in Urban Outfitters in the third quarter valued at approximately $2,143,000. Finally, Fisher Asset Management LLC raised its holdings in Urban Outfitters by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after purchasing an additional 62,019 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

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.