Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Average Price Target of $90.54 According to Brokerages

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $90.54.

URBN has been the subject of several research analyst reports. BMO Capital Markets began coverage on Urban Outfitters in a research report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Morgan Stanley reiterated an “overweight” rating and issued a $90.00 price target on shares of Urban Outfitters in a report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Urban Outfitters from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, October 20th.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the transaction, the chief financial officer owned 11,323 shares in the company, valued at approximately $914,332.25. This represents a 33.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $87.06, for a total value of $435,300.00. Following the transaction, the director owned 494,315 shares of the company’s stock, valued at approximately $43,035,063.90. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,200 shares of company stock valued at $1,161,400. 32.10% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. Vise Technologies Inc. boosted its position in shares of Urban Outfitters by 4.0% during the third quarter. Vise Technologies Inc. now owns 3,050 shares of the apparel retailer’s stock worth $233,000 after buying an additional 118 shares during the period. GAMMA Investing LLC raised its position in Urban Outfitters by 10.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock valued at $145,000 after buying an additional 188 shares during the last quarter. NewEdge Advisors LLC raised its position in Urban Outfitters by 87.0% in the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 247 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Urban Outfitters by 2.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer’s stock valued at $679,000 after buying an additional 263 shares during the last quarter. Finally, Choreo LLC lifted its stake in Urban Outfitters by 6.6% in the 3rd quarter. Choreo LLC now owns 4,321 shares of the apparel retailer’s stock valued at $330,000 after acquiring an additional 269 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $90.72 on Monday. Urban Outfitters has a 1 year low of $59.53 and a 1 year high of $93.64. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.42 and a beta of 1.22. The stock has a 50-day moving average price of $80.86 and a two-hundred day moving average price of $73.12.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. Sell-side analysts forecast that Urban Outfitters will post 6.20 earnings per share for the current year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.