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

Urban Outfitters (NASDAQ:URBN) had its price objective increased by UBS Group from $45.00 to $60.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s target price indicates a potential upside of 5.34% from the stock’s previous close.

Several other research firms have also recently commented on URBN. 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 research note on Wednesday, November 27th. Robert W. Baird upped their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Bank of America increased their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group increased 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 note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.64.

Urban Outfitters Stock Down 0.2 %

Shares of NASDAQ:URBN opened at $56.96 on Friday. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. The company has a 50 day moving average of $48.29 and a two-hundred day moving average of $42.63. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $59.05.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $0.88 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently made changes to their positions in URBN. Commonwealth Equity Services LLC boosted its position in Urban Outfitters by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after purchasing an additional 482 shares during the period. Natixis Advisors LLC grew its position in shares of Urban Outfitters by 7.7% during the second quarter. Natixis Advisors LLC now owns 15,425 shares of the apparel retailer’s stock worth $633,000 after acquiring an additional 1,106 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Urban Outfitters by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 180,474 shares of the apparel retailer’s stock worth $7,408,000 after acquiring an additional 1,649 shares during the period. TD Asset Management Inc lifted its position in Urban Outfitters by 123.7% in the 2nd quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer’s stock valued at $698,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Urban Outfitters by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after purchasing an additional 401 shares during the period. 77.61% of the stock is owned by institutional investors.

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 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.