Urban Outfitters (NASDAQ:URBN) Price Target Raised to $54.00 at JPMorgan Chase & Co.

Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by JPMorgan Chase & Co. from $46.00 to $54.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Other equities research analysts also recently issued reports about the stock. Bank of America boosted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird raised their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Thursday, January 2nd. One 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. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average target price of $49.64.

Urban Outfitters Stock Performance

Shares of URBN opened at $56.96 on Wednesday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $59.05. The company’s fifty day moving average is $47.86 and its two-hundred day moving average is $42.56.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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 net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that Urban Outfitters will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of URBN. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 354 shares in the last quarter. GAMMA Investing LLC raised its holdings in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares during the last quarter. Quarry LP boosted its position in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Urban Outfitters during the 2nd quarter worth approximately $42,000. Finally, Meeder Asset Management Inc. acquired a new position in Urban Outfitters in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.