Urban Outfitters (NASDAQ:URBN) Price Target Increased to $24.00 by Analysts at BMO Capital Markets

Urban Outfitters (NASDAQ:URBNGet Rating) had its price target upped by BMO Capital Markets from $19.00 to $24.00 in a research note issued to investors on Tuesday morning, The Fly reports. BMO Capital Markets currently has a market perform rating on the apparel retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their price objective on Urban Outfitters from $17.00 to $19.00 and gave the stock an equal weight rating in a research note on Thursday, August 25th. Wells Fargo & Company lifted their target price on Urban Outfitters from $20.00 to $25.00 and gave the stock an equal weight rating in a report on Tuesday. UBS Group upped their target price on Urban Outfitters to $21.00 in a report on Monday, August 29th. Telsey Advisory Group lowered their price target on Urban Outfitters from $30.00 to $28.00 and set an outperform rating on the stock in a research report on Wednesday, August 24th. Finally, JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Monday, October 31st. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $25.17.

Urban Outfitters Stock Up 8.9 %

Shares of Urban Outfitters stock opened at $27.80 on Tuesday. Urban Outfitters has a 12 month low of $17.81 and a 12 month high of $34.06. The business has a fifty day simple moving average of $22.87 and a 200 day simple moving average of $21.66. The stock has a market cap of $2.56 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBNGet Rating) last announced its quarterly earnings data on Monday, November 21st. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Urban Outfitters had a return on equity of 9.86% and a net margin of 3.57%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Urban Outfitters will post 1.69 EPS for the current fiscal year.

Insider Activity

In other news, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $25.02, for a total value of $102,456.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief operating officer now owns 25,960 shares of the company’s stock, valued at $649,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The disclosure for this sale can be found here. 28.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently added to or reduced their stakes in URBN. US Bancorp DE grew its position in Urban Outfitters by 323.2% during the second quarter. US Bancorp DE now owns 1,477 shares of the apparel retailer’s stock worth $27,000 after buying an additional 1,128 shares in the last quarter. Captrust Financial Advisors grew its position in Urban Outfitters by 148.5% during the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock worth $29,000 after buying an additional 916 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Urban Outfitters during the third quarter worth approximately $40,000. Quadrant Capital Group LLC grew its position in Urban Outfitters by 663.4% during the third quarter. Quadrant Capital Group LLC now owns 2,840 shares of the apparel retailer’s stock worth $56,000 after buying an additional 2,468 shares in the last quarter. Finally, KBC Group NV acquired a new stake in Urban Outfitters during the third quarter worth approximately $98,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

About Urban Outfitters

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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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