Urban Outfitters (NASDAQ:URBN) Price Target Raised to $30.00 at Citigroup

Urban Outfitters (NASDAQ:URBNGet Rating) had its price target hoisted by Citigroup from $27.00 to $30.00 in a research note issued to investors on Tuesday morning, The Fly reports. Citigroup currently has a buy rating on the apparel retailer’s stock.

A number of other equities research analysts have also commented on the stock. UBS Group raised their price objective on shares of Urban Outfitters to $21.00 in a report on Monday, August 29th. StockNews.com assumed coverage on shares of Urban Outfitters in a report on Wednesday, October 12th. They set a hold rating on the stock. BMO Capital Markets raised their price objective on shares of Urban Outfitters from $19.00 to $24.00 and gave the stock a market perform rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $20.00 to $25.00 and gave the stock an equal weight rating in a report on Tuesday. Finally, TheStreet raised shares of Urban Outfitters from a c rating to a b- rating in a research report on Monday, November 14th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $25.17.

Urban Outfitters Stock Performance

URBN opened at $27.80 on Tuesday. The firm’s fifty day moving average is $22.87 and its two-hundred day moving average is $21.66. The firm 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 has a twelve month low of $17.81 and a twelve month high of $34.06.

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

Insider Activity

In other news, COO Frank Conforti sold 10,000 shares of Urban Outfitters stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer now owns 25,960 shares of the company’s stock, valued at approximately $649,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Frank Conforti sold 10,000 shares of Urban Outfitters stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer now owns 25,960 shares of the company’s stock, valued at approximately $649,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 4,095 shares of Urban Outfitters stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.02, for a total transaction of $102,456.90. The disclosure for this sale can be found here. Insiders own 28.90% of the company’s stock.

Institutional Trading of Urban Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Shapiro Capital Management LLC boosted its holdings in shares of Urban Outfitters by 4.6% during the 1st quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock worth $237,867,000 after buying an additional 420,001 shares during the period. Turtle Creek Asset Management Inc. raised its stake in Urban Outfitters by 1.0% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 7,264,757 shares of the apparel retailer’s stock worth $142,752,000 after purchasing an additional 69,850 shares in the last quarter. Vanguard Group Inc. raised its stake in Urban Outfitters by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,641,142 shares of the apparel retailer’s stock worth $130,499,000 after purchasing an additional 376,130 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Urban Outfitters by 16.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,807,788 shares of the apparel retailer’s stock worth $114,124,000 after purchasing an additional 830,302 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Urban Outfitters by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,445,032 shares of the apparel retailer’s stock worth $106,995,000 after purchasing an additional 73,048 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

About Urban Outfitters

(Get Rating)

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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