Robert W. Baird Boosts Urban Outfitters (NASDAQ:URBN) Price Target to $50.00

Urban Outfitters (NASDAQ:URBN) had its price target upped by Robert W. Baird from $48.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the apparel retailer’s stock.

Several other equities analysts have also weighed in on URBN. StockNews.com lowered shares of Urban Outfitters from a buy rating to a hold rating in a report on Friday, March 1st. Jefferies Financial Group lowered shares of Urban Outfitters from a hold rating to an underperform rating and cut their target price for the company from $42.00 to $32.00 in a report on Wednesday, April 17th. BMO Capital Markets lifted their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a market perform rating in a report on Thursday, February 29th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an outperform rating in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a neutral rating for the company in a report on Wednesday, February 28th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $42.82.

Urban Outfitters Stock Up 3.5 %

URBN stock opened at $41.75 on Wednesday. The firm has a 50 day moving average of $40.72 and a 200 day moving average of $39.31. The stock has a market capitalization of $3.89 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. Urban Outfitters has a 52 week low of $30.05 and a 52 week high of $47.29.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.56 EPS. Urban Outfitters’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Urban Outfitters will post 3.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the sale, the insider now directly owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the sale, the chief financial officer now directly owns 6,908 shares in the company, valued at $291,724.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,473 shares of company stock worth $757,483. 31.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 417 shares during the period. Spire Wealth Management increased its holdings in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 1,110 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Urban Outfitters during the 3rd quarter worth approximately $81,000. DekaBank Deutsche Girozentrale purchased a new stake in Urban Outfitters during the 3rd quarter worth approximately $112,000. Finally, Headlands Technologies LLC purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $150,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.