UBS Group Forecasts Strong Price Appreciation for Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by UBS Group from $45.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s target price points to a potential upside of 4.88% from the stock’s previous close.

URBN has been the topic of a number of other reports. Bank of America increased their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays increased their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $49.64.

Urban Outfitters Stock Up 0.2 %

Shares of URBN traded up $0.11 during mid-day trading on Friday, hitting $57.21. 1,753,356 shares of the company’s stock were exchanged, compared to its average volume of 1,714,578. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. The stock’s 50-day simple moving average is $47.86 and its 200-day simple moving average is $42.56. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $59.05.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. Analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in URBN. Marshall Wace LLP increased its position in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after acquiring an additional 1,230,771 shares during the period. American Century Companies Inc. increased its holdings in Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares during the period. Cerity Partners LLC bought a new position in Urban Outfitters during the 3rd quarter worth $8,340,000. Empowered Funds LLC bought a new position in Urban Outfitters during the 3rd quarter worth $7,789,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Urban Outfitters during the 2nd quarter worth about $7,238,000. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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.