Urban Outfitters (NASDAQ:URBN) Given New $30.00 Price Target at Wells Fargo & Company

Urban Outfitters (NASDAQ:URBN – Get Rating) had its price objective upped by Wells Fargo & Company from $25.00 to $30.00 in a research note released on Wednesday, The Fly reports.

Other equities analysts have also issued reports about the stock. UBS Group lowered shares of Urban Outfitters from a neutral rating to a sell rating in a report on Wednesday, March 29th. Morgan Stanley raised their price target on Urban Outfitters from $26.00 to $28.00 and gave the stock an equal weight rating in a research report on Wednesday, February 15th. Telsey Advisory Group upped their price objective on Urban Outfitters from $33.00 to $34.00 and gave the company an outperform rating in a report on Wednesday, March 1st. StockNews.com began coverage on Urban Outfitters in a report on Thursday, May 18th. They set a hold rating on the stock. Finally, Citigroup boosted their target price on Urban Outfitters from $32.00 to $36.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $30.33.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $31.35 on Wednesday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.61 and a beta of 1.50. The stock’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $26.82. Urban Outfitters has a 52-week low of $17.81 and a 52-week high of $32.46.

Urban Outfitters (NASDAQ:URBN – Get Rating) last posted its quarterly earnings results on Tuesday, May 23rd. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.20. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Urban Outfitters had a return on equity of 9.46% and a net margin of 3.33%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. On average, equities analysts predict that Urban Outfitters will post 2.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 16,116 shares of Urban Outfitters stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $26.25, for a total value of $423,045.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Frank Conforti sold 42,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $27.28, for a total transaction of $1,145,760.00. Following the completion of the transaction, the chief operating officer now directly owns 2,361 shares of the company’s stock, valued at $64,408.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 16,116 shares of the company’s stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $26.25, for a total value of $423,045.00. The disclosure for this sale can be found here. In the last three months, insiders sold 67,189 shares of company stock valued at $1,813,413. 31.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of URBN. Cerity Partners LLC acquired a new stake in shares of Urban Outfitters in the first quarter valued at about $424,000. Captrust Financial Advisors increased its position in shares of Urban Outfitters by 148.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 916 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Urban Outfitters by 3,168.6% during the 1st quarter. Bessemer Group Inc. now owns 2,288 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 2,218 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Urban Outfitters by 27.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,360 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 505 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Urban Outfitters by 20.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 400 shares in the last quarter. 77.30% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.