Urban Outfitters, Inc. (NASDAQ:URBN) Receives $39.58 Consensus Price Target from Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $39.58.

Several equities analysts recently issued reports on the company. Telsey Advisory Group raised their price target on Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. UBS Group raised their price target on Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets lifted their price objective on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th.

Insider Activity

In other news, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the transaction, the chief financial officer now owns 6,908 shares in the company, valued at approximately $291,724.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction on Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the transaction, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the transaction, the chief executive officer now owns 6,353 shares of the company’s stock, valued at approximately $258,821.22. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock worth $757,483 in the last quarter. 31.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Urban Outfitters by 10.2% in the first quarter. JPMorgan Chase & Co. now owns 334,511 shares of the apparel retailer’s stock worth $8,400,000 after purchasing an additional 30,879 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Urban Outfitters by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer’s stock worth $490,000 after purchasing an additional 625 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Urban Outfitters in the first quarter worth $254,000. MetLife Investment Management LLC raised its stake in shares of Urban Outfitters by 40.6% in the first quarter. MetLife Investment Management LLC now owns 78,323 shares of the apparel retailer’s stock worth $1,967,000 after purchasing an additional 22,600 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Urban Outfitters by 3.2% in the first quarter. Rhumbline Advisers now owns 192,880 shares of the apparel retailer’s stock worth $4,843,000 after purchasing an additional 5,917 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 0.5 %

Shares of NASDAQ URBN opened at $38.02 on Friday. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 0.61 and a beta of 1.53. Urban Outfitters has a 1-year low of $25.52 and a 1-year high of $47.29. The stock’s 50-day moving average is $42.13 and its 200 day moving average is $38.06.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Urban Outfitters will post 3.53 EPS for the current fiscal year.

Urban Outfitters Company Profile

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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.