JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters (NASDAQ:URBN) had its target price raised by analysts at JPMorgan Chase & Co. from $46.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 5.43% from the company’s current price.

URBN has been the topic of a number of other research reports. Robert W. Baird lifted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their target price on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price objective on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.18.

Urban Outfitters Trading Up 0.7 %

Shares of Urban Outfitters stock opened at $57.10 on Wednesday. The firm has a market capitalization of $5.27 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $59.05. The business’s 50-day moving average price is $47.86 and its 200-day moving average price is $42.56.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP raised its position in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at approximately $42,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at approximately $48,000. 77.61% of the stock is currently owned by institutional investors.

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.