Barclays Forecasts Strong Price Appreciation for Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters (NASDAQ:URBN) had its price objective lifted by analysts at Barclays from $43.00 to $51.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price target would suggest a potential upside of 7.39% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Robert W. Baird upped their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley decreased their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Bank of America increased their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price objective for the company from $42.00 to $59.00 in a research report on Wednesday. Finally, Jefferies Financial Group reduced their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $46.27.

Urban Outfitters Price Performance

Shares of URBN opened at $47.49 on Wednesday. Urban Outfitters has a one year low of $33.17 and a one year high of $48.90. The company has a market capitalization of $4.38 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. The company’s fifty day moving average price is $37.44 and its 200 day moving average price is $40.11.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.28. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts anticipate that Urban Outfitters will post 3.65 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% in the 3rd 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. Quarry LP lifted its stake in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters in the second quarter valued at approximately $42,000. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the third quarter worth $47,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Urban Outfitters during the second quarter worth $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.