Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) Target Price at $26.64

Shares of Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) have been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.97.

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, November 22nd. UBS Group set a $25.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 23rd. StockNews.com started coverage on shares of Urban Outfitters in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. BMO Capital Markets lifted their target price on shares of Urban Outfitters from $19.00 to $24.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $27.66 target price on shares of Urban Outfitters in a research report on Wednesday, January 11th.

Urban Outfitters Stock Up 0.1 %

Shares of URBN opened at $26.99 on Friday. The company has a market capitalization of $2.49 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.86 and a beta of 1.41. The firm has a 50 day moving average of $26.65 and a 200 day moving average of $23.50. Urban Outfitters has a twelve month low of $17.81 and a twelve month high of $30.52.

Urban Outfitters (NASDAQ:URBNGet Rating) last announced its quarterly earnings results on Monday, November 21st. The apparel retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Urban Outfitters had a net margin of 3.57% and a return on equity of 9.83%. Urban Outfitters’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, sell-side analysts expect that Urban Outfitters will post 1.75 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 4,095 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer now directly owns 25,960 shares in the company, valued at approximately $649,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.02, for a total transaction of $102,456.90. The disclosure for this sale can be found here. Corporate insiders own 28.90% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in the company. Shapiro Capital Management LLC grew its holdings in Urban Outfitters by 4.6% during the 1st quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock valued at $237,867,000 after purchasing an additional 420,001 shares during the last quarter. Turtle Creek Asset Management Inc. grew its holdings in Urban Outfitters by 1.0% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 7,264,757 shares of the apparel retailer’s stock valued at $142,752,000 after purchasing an additional 69,850 shares during the last quarter. Vanguard Group Inc. grew its holdings in Urban Outfitters by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,641,142 shares of the apparel retailer’s stock valued at $130,499,000 after purchasing an additional 376,130 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Urban Outfitters by 16.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,807,788 shares of the apparel retailer’s stock valued at $114,124,000 after purchasing an additional 830,302 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Urban Outfitters by 1.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,445,032 shares of the apparel retailer’s stock valued at $106,995,000 after purchasing an additional 73,048 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors.

Urban Outfitters Company Profile

(Get Rating)

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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