Urban Outfitters (NASDAQ:URBN) Price Target Increased to $31.00 by Analysts at BMO Capital Markets

Urban Outfitters (NASDAQ:URBN – Get Rating) had its price target increased by BMO Capital Markets from $25.00 to $31.00 in a research note issued to investors on Wednesday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Urban Outfitters from $25.00 to $30.00 in a report on Wednesday. Robert W. Baird upped their target price on Urban Outfitters from $30.00 to $32.00 in a research report on Wednesday. Telsey Advisory Group upped their target price on Urban Outfitters from $33.00 to $34.00 and gave the stock an outperform rating in a research report on Wednesday, March 1st. StockNews.com began coverage on Urban Outfitters in a research report on Thursday, May 18th. They issued a hold rating for the company. Finally, Citigroup upped their target price on Urban Outfitters from $32.00 to $36.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Urban Outfitters presently has a consensus rating of Hold and an average price target of $30.33.

Urban Outfitters Stock Up 17.6 %

Shares of URBN stock opened at $31.35 on Wednesday. The business has a 50 day moving average of $27.05 and a two-hundred day moving average of $26.82. The company has a market cap of $2.90 billion, a P/E ratio of 18.33, a PEG ratio of 0.61 and a beta of 1.50. 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 released its quarterly earnings results on Tuesday, May 23rd. The apparel retailer reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.20. The company 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Analysts expect that Urban Outfitters will post 2.46 EPS for the current fiscal year.

Insider Activity

In other news, insider Azeez Hayne sold 9,073 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $26.96, for a total transaction of $244,608.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Urban Outfitters news, COO Frank Conforti sold 42,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $27.28, for a total transaction of $1,145,760.00. Following the sale, the chief operating officer now directly owns 2,361 shares of the company’s stock, valued at approximately $64,408.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Azeez Hayne sold 9,073 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $26.96, for a total transaction of $244,608.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,189 shares of company stock worth $1,813,413. Insiders own 31.90% of the company’s stock.

Institutional Trading of Urban Outfitters

Several large investors have recently added to or reduced their stakes in URBN. BlackRock Inc. increased its stake in shares of Urban Outfitters by 21.4% in the first quarter. BlackRock Inc. now owns 12,133,038 shares of the apparel retailer’s stock worth $336,328,000 after acquiring an additional 2,138,104 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Urban Outfitters in the first quarter worth $39,144,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Urban Outfitters by 165.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,740,106 shares of the apparel retailer’s stock worth $48,236,000 after acquiring an additional 1,083,423 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Urban Outfitters by 239.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,217,724 shares of the apparel retailer’s stock worth $29,043,000 after acquiring an additional 858,886 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 16.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,807,788 shares of the apparel retailer’s stock worth $114,124,000 after acquiring an additional 830,302 shares during the last quarter. 77.30% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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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.