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.
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
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.
- Get a free copy of the StockNews.com research report on Urban Outfitters (URBN)
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