Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Urban Outfitters (NASDAQ:URBN) had its price objective raised by Robert W. Baird from $60.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s price target suggests a potential upside of 17.16% from the stock’s current price.

URBN has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. UBS Group lifted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Bank of America lifted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average target price of $55.55.

Urban Outfitters Trading Up 0.6 %

NASDAQ:URBN opened at $52.92 on Thursday. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $60.90. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.02 and a beta of 1.54. The company has a 50-day moving average price of $55.78 and a 200-day moving average price of $45.34.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results 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 company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Equities analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now directly owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 31.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in URBN. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the period. Jones Financial Companies Lllp lifted its holdings in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters in the 3rd quarter valued at about $47,000. Finally, Quarry LP raised its holdings in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.