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

Urban Outfitters (NASDAQ:URBN) had its price target hoisted by equities research analysts at Citigroup from $39.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s target price would suggest a potential upside of 12.42% from the stock’s previous close.

Several other equities analysts have also issued reports on URBN. Jefferies Financial Group lowered their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Barclays lowered their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Bank of America reduced their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.27.

Urban Outfitters Price Performance

Shares of URBN opened at $37.36 on Wednesday. Urban Outfitters has a one year low of $31.37 and a one year high of $48.90. The company has a 50-day simple moving average of $37.05 and a two-hundred day simple moving average of $40.09. The firm has a market capitalization of $3.45 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $1.10 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts expect that Urban Outfitters will post 3.66 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares in the last quarter. Quarry LP raised its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $42,000. Meeder Asset Management Inc. purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $48,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.