Barclays Raises Urban Outfitters (NASDAQ:URBN) Price Target to $63.00

Urban Outfitters (NASDAQ:URBN) had its price objective lifted by investment analysts at Barclays from $51.00 to $63.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s target price would indicate a potential upside of 14.52% from the company’s previous close.

Several other analysts also recently commented on the company. Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Telsey Advisory Group upped their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, UBS Group boosted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.64.

Urban Outfitters Trading Up 3.4 %

Shares of URBN stock opened at $55.01 on Thursday. The firm has a fifty day simple moving average of $50.10 and a two-hundred day simple moving average of $43.07. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $59.05. The firm has a market capitalization of $5.08 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters will post 3.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred 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 sale, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Urban Outfitters by 36.3% during 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 during the period. Evergreen Capital Management LLC boosted its position in Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after purchasing an additional 258 shares during the period. Quarry LP increased its stake in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Blue Trust Inc. lifted 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 buying an additional 354 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Urban Outfitters by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock worth $399,000 after buying an additional 482 shares during the period. 77.61% of the stock is owned by hedge funds and other 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.