Brokerages Set Urban Outfitters (URBN) Target Price at $40.83

Shares of Urban Outfitters (NASDAQ:URBN) have received an average recommendation of “Hold” from the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $40.83.

URBN has been the subject of several research analyst reports. TheStreet upgraded shares of Urban Outfitters from a “c+” rating to a “b” rating in a research note on Tuesday, May 22nd. Loop Capital assumed coverage on shares of Urban Outfitters in a research note on Thursday, March 8th. They set a “buy” rating and a $46.00 target price for the company. Buckingham Research set a $42.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Thursday, March 8th. SunTrust Banks set a $42.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Finally, Robert W. Baird reiterated a “buy” rating and set a $42.00 target price (up previously from $39.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th.

In other Urban Outfitters news, Director Joel S. Lawson III sold 20,000 shares of the stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the director now directly owns 27,000 shares of the company’s stock, valued at $996,300. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joel S. Lawson III sold 10,000 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at $782,000. The disclosure for this sale can be found here. Insiders have sold 348,430 shares of company stock valued at $13,733,693 over the last three months. 25.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Teachers Advisors LLC increased its holdings in Urban Outfitters by 13.7% in the fourth quarter. Teachers Advisors LLC now owns 161,819 shares of the apparel retailer’s stock valued at $5,673,000 after buying an additional 19,559 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Urban Outfitters in the fourth quarter valued at about $1,777,000. UBS Asset Management Americas Inc. increased its holdings in Urban Outfitters by 7.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 85,243 shares of the apparel retailer’s stock valued at $2,989,000 after buying an additional 6,159 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Urban Outfitters in the fourth quarter valued at about $740,000. 70.82% of the stock is owned by institutional investors.

NASDAQ URBN traded down $0.36 during trading hours on Tuesday, hitting $46.29. The company had a trading volume of 20,329 shares, compared to its average volume of 2,323,295. Urban Outfitters has a 1-year low of $16.68 and a 1-year high of $48.24. The company has a market capitalization of $5.04 billion, a PE ratio of 28.04, a P/E/G ratio of 1.55 and a beta of 0.52.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.08. Urban Outfitters had a net margin of 3.71% and a return on equity of 16.13%. The company had revenue of $855.70 million during the quarter, compared to the consensus estimate of $837.79 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Urban Outfitters’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts anticipate that Urban Outfitters will post 2.49 earnings per share for the current year.

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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