Urban Outfitters (NASDAQ:URBN) Price Target Lowered to $62.00 at Morgan Stanley

Urban Outfitters (NASDAQ:URBN) had its price objective decreased by Morgan Stanley from $63.00 to $62.00 in a research report report published on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the apparel retailer’s stock.

A number of other research analysts have also recently commented on URBN. Wells Fargo & Company decreased their price objective on Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Barclays upped their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. UBS Group upped their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird lifted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. One investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.18.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $51.81 on Tuesday. The stock’s fifty day moving average is $51.08 and its two-hundred day moving average is $50.17. The firm has a market capitalization of $4.80 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $61.16.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, sell-side analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in the stock. Burney Co. acquired a new stake in shares of Urban Outfitters during the 1st quarter valued at approximately $1,124,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Urban Outfitters during the first quarter worth $2,979,000. Y Intercept Hong Kong Ltd purchased a new stake in Urban Outfitters during the first quarter worth $941,000. Kestra Private Wealth Services LLC acquired a new stake in Urban Outfitters in the first quarter valued at $548,000. Finally, Victory Capital Management Inc. increased its position in shares of Urban Outfitters by 12.4% in the first quarter. Victory Capital Management Inc. now owns 16,258 shares of the apparel retailer’s stock valued at $852,000 after buying an additional 1,796 shares in the last quarter. 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.