Urban Outfitters (NASDAQ:URBN) Price Target Raised to $51.00 at Barclays

Urban Outfitters (NASDAQ:URBN) had its target price upped by Barclays from $43.00 to $51.00 in a research note released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the apparel retailer’s stock.

A number of other equities analysts have also recently commented on URBN. Jefferies Financial Group lowered their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Robert W. Baird raised their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Trading Up 18.3 %

NASDAQ URBN opened at $47.49 on Wednesday. Urban Outfitters has a 12 month low of $33.17 and a 12 month high of $48.90. The stock has a 50 day moving average of $37.24 and a 200-day moving average of $40.06. The company has a market cap of $4.38 billion, a PE ratio of 14.52, a PEG ratio of 0.95 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. As a group, sell-side analysts predict that Urban Outfitters will post 3.65 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its position in shares of Urban Outfitters by 116.3% during 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. lifted its position in Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after purchasing an additional 264,708 shares during the period. Cerity Partners LLC bought a new stake in Urban Outfitters during the third quarter worth about $8,340,000. Empowered Funds LLC acquired a new stake in Urban Outfitters during the third quarter worth about $7,789,000. Finally, Hennessy Advisors Inc. bought a new position in Urban Outfitters in the 2nd quarter valued at about $7,685,000. 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.