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

Urban Outfitters (NASDAQ:URBN) had its target price increased by Wells Fargo & Company from $48.00 to $60.00 in a research note released on Friday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

Several other research firms have also issued reports on URBN. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Barclays upped their price target on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird increased their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.64.

Urban Outfitters Trading Down 0.2 %

Shares of NASDAQ:URBN opened at $56.96 on Friday. The firm has a market capitalization of $5.26 billion, a PE ratio of 16.32, a PEG ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $59.05. The business’s 50 day moving average is $48.29 and its 200-day moving average is $42.63.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The firm 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%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, sell-side analysts predict that Urban Outfitters will post 3.88 EPS for the current year.

Institutional Trading of Urban Outfitters

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Urban Outfitters by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after buying an additional 258 shares during the period. Quarry LP raised its position in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 401 shares during the last quarter. 77.61% of the stock is owned by 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.