Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Urban Outfitters has a “Moderate Buy” consensus rating from 14 analysts, with eight buys and six holds. The average 12-month price target is $90.64, implying potential upside from the reported $80.97 share price.
• The retailer’s latest quarterly results met expectations, with adjusted EPS of $1.72 and revenue of $1.66 billion, up 10.4% year over year. Analysts expect full-year earnings of approximately $6.16 per share.
• Institutional ownership is substantial at 77.61%, including major positions or recent buying by BlackRock, California State Teachers Retirement System, Dimensional Fund Advisors and Geode Capital Management.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $90.6364.

Several analysts have recently commented on URBN shares. The Goldman Sachs Group upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and increased their price target for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Bank of America lifted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Citigroup reaffirmed a "neutral" rating on shares of Urban Outfitters in a research note on Friday, August 28th. Jefferies Financial Group increased their target price on Urban Outfitters from $72.00 to $79.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. Finally, Wells Fargo & Company raised their price target on Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 27th.

Urban Outfitters Stock Up 0.5%

NASDAQ:URBN opened at $80.97 on Friday. Urban Outfitters has a 52-week low of $59.53 and a 52-week high of $85.43. The stock has a fifty day simple moving average of $74.83 and a 200-day simple moving average of $71.19. The company has a market capitalization of $6.93 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 EPS for the quarter, meeting analysts' consensus estimates of $1.72. The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 EPS. As a group, equities analysts anticipate that Urban Outfitters will post 6.16 earnings per share for the current year.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. BlackRock Inc. purchased a new position in Urban Outfitters in the 2nd quarter valued at about $615,160,000. California State Teachers Retirement System boosted its stake in shares of Urban Outfitters by 6,498.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,540,851 shares of the apparel retailer's stock worth $321,765,000 after purchasing an additional 4,472,039 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock worth $273,274,000 after buying an additional 338,622 shares in the last quarter. Abrams Bison Investments LLC purchased a new stake in shares of Urban Outfitters during the fourth quarter worth about $127,114,000. Finally, Geode Capital Management LLC raised its position in shares of Urban Outfitters by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer's stock valued at $113,434,000 after buying an additional 35,244 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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