Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Consensus Price Target of $90.54

Urban Outfitters, Inc. (NASDAQ:URBN) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $90.54.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Morgan Stanley reiterated an “overweight” rating and set a $90.00 price target on shares of Urban Outfitters in a report on Thursday, August 27th. The Goldman Sachs Group upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Finally, Citigroup reissued a “neutral” rating on shares of Urban Outfitters in a research note on Friday, August 28th.

Urban Outfitters Stock Down 1.5%

Shares of URBN stock opened at $89.35 on Monday. The firm has a fifty day moving average of $80.14 and a 200-day moving average of $72.97. Urban Outfitters has a 12-month low of $59.53 and a 12-month high of $91.87. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.35 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. On average, equities analysts expect that Urban Outfitters will post 6.20 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters 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 transaction, the director directly owned 494,315 shares of the company’s stock, valued at $43,035,063.90. The trade was a 1.00% 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. Also, CFO Melanie Marein-Efron sold 5,700 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the transaction, the chief financial officer owned 11,323 shares in the company, valued at $914,332.25. This trade represents a 33.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,200 shares of company stock worth $1,161,400. Insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in URBN. BlackRock Inc. bought a new stake in Urban Outfitters in the second quarter worth approximately $615,160,000. Dimensional Fund Advisors LP increased 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 buying an additional 338,622 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Urban Outfitters by 23.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock worth $62,155,000 after purchasing an additional 189,454 shares during the period. Bank of America Corp DE bought a new position in Urban Outfitters during the second quarter valued at about $33,414,000. Finally, Engineers Gate Manager LP increased its holdings in 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 during the last quarter. 77.61% of the stock is owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.