Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Urban Outfitters (NASDAQ:URBN) had its price target lifted by equities research analysts at Robert W. Baird from $60.00 to $62.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s price objective would indicate a potential upside of 17.16% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Barclays boosted their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group boosted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $55.55.

Urban Outfitters Trading Up 0.6 %

Shares of NASDAQ URBN opened at $52.92 on Thursday. The firm’s 50-day moving average price is $55.78 and its 200-day moving average price is $45.34. The firm has a market capitalization of $4.88 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.02 and a beta of 1.54. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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 stock. Jones Financial Companies Lllp lifted its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares in the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Quarry LP increased its holdings in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters in the 3rd quarter worth $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.