Urban Outfitters (NASDAQ:URBN) Stock Picked Up by Analysts at Needham & Company LLC

Research analysts at Needham & Company LLC assumed coverage on shares of Urban Outfitters (NASDAQ:URBN) in a research report issued on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $100.00 price target on the apparel retailer’s stock. Needham & Company LLC’s price target indicates a potential upside of 15.51% from the stock’s previous close.

Several other research firms also recently commented on URBN. Jefferies Financial Group boosted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. BMO Capital Markets began coverage on Urban Outfitters in a research note on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price for the company. Finally, The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $93.00 in a research note on Monday, July 20th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.54.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.83 during mid-day trading on Friday, hitting $86.57. The stock had a trading volume of 1,286,225 shares, compared to its average volume of 1,110,594. The company has a 50 day moving average of $78.46 and a two-hundred day moving average of $74.01. Urban Outfitters has a twelve month low of $59.53 and a twelve month high of $90.59. The firm has a market cap of $7.42 billion, a PE ratio of 13.51, a PEG ratio of 1.37 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. Equities research analysts predict that Urban Outfitters will post 6.20 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $87.06, for a total value of $435,300.00. Following the completion of the sale, the director directly owned 494,315 shares of the company’s stock, valued at $43,035,063.90. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tricia D. Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $75.95, for a total value of $265,825.00. Following the completion of the sale, the chief executive officer directly owned 30,112 shares of the company’s stock, valued at $2,287,006.40. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,200 shares of company stock worth $1,161,400 over the last 90 days. Company insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Urban Outfitters during the 2nd quarter valued at $615,160,000. Dimensional Fund Advisors LP raised its stake in Urban Outfitters by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after purchasing an additional 338,622 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Urban Outfitters by 23.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock worth $62,155,000 after buying an additional 189,454 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Urban Outfitters during the second quarter worth about $33,414,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Urban Outfitters by 211.4% during the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock worth $30,344,000 after buying an additional 290,698 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.