Buckingham Research Analysts Give Urban Outfitters (URBN) a $50.00 Price Target

Buckingham Research set a $50.00 target price on Urban Outfitters (NASDAQ:URBN) in a research note released on Wednesday. The firm currently has a buy rating on the apparel retailer’s stock.

URBN has been the topic of several other reports. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $42.00 to $43.00 and gave the company an overweight rating in a research note on Tuesday, April 10th. Telsey Advisory Group lifted their target price on Urban Outfitters from $39.00 to $42.00 and gave the company a market perform rating in a research note on Wednesday. Loop Capital assumed coverage on Urban Outfitters in a research note on Thursday, March 8th. They issued a buy rating and a $46.00 target price on the stock. SunTrust Banks reiterated a buy rating and issued a $40.00 target price on shares of Urban Outfitters in a research note on Friday, February 2nd. Finally, Morgan Stanley reiterated an equal weight rating and issued a $33.00 target price (up from $28.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $35.96.

Shares of Urban Outfitters opened at $42.19 on Wednesday, Marketbeat reports. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $43.58. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.43 and a beta of 0.52.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.08. Urban Outfitters had a return on equity of 16.13% and a net margin of 3.71%. The company had revenue of $855.70 million for the quarter, compared to the consensus estimate of $837.79 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 12.4% on a year-over-year basis. equities research analysts predict that Urban Outfitters will post 2.47 earnings per share for the current fiscal year.

In related news, General Counsel Azeez Hayne sold 11,421 shares of Urban Outfitters stock in a transaction on Friday, March 9th. The stock was sold at an average price of $35.49, for a total transaction of $405,331.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret Hayne sold 41,100 shares of Urban Outfitters stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $36.65, for a total value of $1,506,315.00. Following the transaction, the chief executive officer now directly owns 1,066,184 shares of the company’s stock, valued at $39,075,643.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 390,295 shares of company stock valued at $14,551,402. 25.90% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of URBN. Two Sigma Investments LP raised its holdings in Urban Outfitters by 338.9% during the fourth quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock worth $47,586,000 after purchasing an additional 1,048,052 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Urban Outfitters by 263.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock worth $39,887,000 after purchasing an additional 824,876 shares during the last quarter. Millennium Management LLC raised its holdings in Urban Outfitters by 113.9% during the first quarter. Millennium Management LLC now owns 1,042,420 shares of the apparel retailer’s stock worth $38,528,000 after purchasing an additional 555,116 shares during the last quarter. Mackay Shields LLC acquired a new position in Urban Outfitters during the first quarter worth $18,370,000. Finally, Scopus Asset Management L.P. acquired a new position in Urban Outfitters during the first quarter worth $15,481,000. 71.19% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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