Urban Outfitters (NASDAQ:URBN) Price Target Raised to $60.00

Urban Outfitters (NASDAQ:URBN) had its target price hoisted by analysts at UBS Group from $45.00 to $60.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price target indicates a potential upside of 5.34% from the stock’s current price.

A number of other brokerages have also issued reports on URBN. Telsey Advisory Group increased their price target on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Bank of America boosted 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.64.

Urban Outfitters Stock Down 0.2 %

Shares of NASDAQ URBN opened at $56.96 on Friday. The firm’s 50-day simple moving average is $48.29 and its 200 day simple moving average is $42.63. The stock has a market cap of $5.26 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 1.55. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $59.05.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

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

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.