JPMorgan Chase & Co. Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN) had its price objective increased by JPMorgan Chase & Co. from $46.00 to $54.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

A number of other research firms also recently commented on URBN. Telsey Advisory Group boosted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Robert W. Baird boosted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Barclays raised their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their target price on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $47.18.

Urban Outfitters Trading Up 0.7 %

Urban Outfitters stock opened at $57.10 on Wednesday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $59.05. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.10 and a beta of 1.55. The company’s 50-day moving average price is $47.44 and its two-hundred day moving average price is $42.46.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. Research analysts expect that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

Several large investors have recently added to or reduced their stakes in URBN. Blue Trust Inc. boosted its position in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares during the period. Quarry LP lifted its stake in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters during the 2nd quarter worth about $42,000. GAMMA Investing LLC grew its stake in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Urban Outfitters in the 3rd quarter valued at about $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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.