Barclays Boosts Urban Outfitters (NASDAQ:URBN) Price Target to $68.00

Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by research analysts at Barclays from $63.00 to $68.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective points to a potential upside of 16.86% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. 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. Robert W. Baird upped their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters has an average rating of “Hold” and an average price target of $56.00.

Urban Outfitters Trading Up 1.6 %

NASDAQ:URBN opened at $58.19 on Friday. The firm has a 50 day moving average of $55.91 and a 200-day moving average of $45.57. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $60.90. The stock has a market capitalization of $5.37 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. State Street Corp raised its holdings in shares of Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the period. Fisher Asset Management LLC increased its position in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after acquiring an additional 115,390 shares in the last quarter. American Century Companies Inc. increased its position in shares of Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after acquiring an additional 173,082 shares in the last quarter. Junto Capital Management LP increased its position in shares of Urban Outfitters by 0.9% during the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer’s stock worth $81,422,000 after acquiring an additional 13,820 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares in the last quarter. Institutional investors and hedge funds 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.