Urban Outfitters (NASDAQ:URBN) PT Raised to $30.00 at Wells Fargo & Company

Urban Outfitters (NASDAQ:URBN – Get Rating) had its price target raised by research analysts at Wells Fargo & Company from $25.00 to $30.00 in a note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s target price would suggest a potential downside of 0.60% from the company’s current price.

Several other equities analysts have also issued reports on URBN. Citigroup upped their target price on Urban Outfitters from $32.00 to $36.00 in a report on Wednesday. Telsey Advisory Group upped their target price on Urban Outfitters from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, March 1st. StockNews.com began coverage on Urban Outfitters in a report on Thursday, May 18th. They issued a “hold” rating for the company. UBS Group lowered Urban Outfitters from a “neutral” rating to a “sell” rating in a report on Wednesday, March 29th. Finally, Morgan Stanley upped their target price on Urban Outfitters from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.33.

Urban Outfitters Stock Performance

Shares of URBN opened at $30.18 on Wednesday. The stock has a 50 day moving average price of $27.13 and a two-hundred day moving average price of $26.84. The firm has a market capitalization of $2.79 billion, a P/E ratio of 15.56, a P/E/G ratio of 0.60 and a beta of 1.50. Urban Outfitters has a 52 week low of $18.20 and a 52 week high of $32.46.

Urban Outfitters (NASDAQ:URBN – Get Rating) last issued its quarterly earnings data on Tuesday, May 23rd. The apparel retailer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.20. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Urban Outfitters had a return on equity of 10.61% and a net margin of 3.73%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. On average, equities analysts forecast that Urban Outfitters will post 2.46 earnings per share for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, COO Frank Conforti sold 42,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $27.28, for a total value of $1,145,760.00. Following the transaction, the chief operating officer now directly owns 2,361 shares of the company’s stock, valued at approximately $64,408.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Urban Outfitters news, COO Frank Conforti sold 42,000 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $27.28, for a total value of $1,145,760.00. Following the sale, the chief operating officer now directly owns 2,361 shares of the company’s stock, valued at $64,408.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Azeez Hayne sold 9,073 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $26.96, for a total value of $244,608.08. The disclosure for this sale can be found here. Insiders have sold a total of 67,189 shares of company stock valued at $1,813,413 over the last 90 days. 31.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. BlackRock Inc. raised its holdings in shares of Urban Outfitters by 21.4% in the first quarter. BlackRock Inc. now owns 12,133,038 shares of the apparel retailer’s stock worth $336,328,000 after buying an additional 2,138,104 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Urban Outfitters in the 1st quarter valued at $39,144,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Urban Outfitters by 165.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,740,106 shares of the apparel retailer’s stock valued at $48,236,000 after acquiring an additional 1,083,423 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Urban Outfitters by 239.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,217,724 shares of the apparel retailer’s stock worth $29,043,000 after purchasing an additional 858,886 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Urban Outfitters by 16.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,807,788 shares of the apparel retailer’s stock worth $114,124,000 after purchasing an additional 830,302 shares in the last quarter. 77.30% of the stock is owned by institutional investors.

About Urban Outfitters

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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.