Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Average Target Price of $89.75

Key Points

• Analysts maintain a Moderate Buy consensus on Urban Outfitters, with eight buy ratings and seven holds. The average 12-month price target is $89.75, above the reported share price of $76.38.
• Urban Outfitters matched quarterly earnings estimates at $1.72 per share and exceeded revenue expectations with $1.66 billion. Revenue increased 10.4% year over year, while analysts expect full-year EPS of approximately $6.20.
• Institutional investors own 77.61% of the company, while insiders own 32.10%; however, the CEO and CFO recently sold shares, reducing their respective holdings by 10.41% and 33.48%.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Seven 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 price objective among analysts that have issued ratings on the stock in the last year is $89.75.

URBN has been the subject of several recent analyst reports. Citigroup reiterated a "neutral" rating on shares of Urban Outfitters in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 22nd. Barclays upped their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, August 18th. Finally, Morgan Stanley restated an "overweight" rating and issued a $90.00 target price on shares of Urban Outfitters in a research note on Thursday, August 27th.

Urban Outfitters Stock Up 1.0%

Shares of NASDAQ:URBN opened at $76.38 on Thursday. The business's 50 day moving average is $76.68 and its 200 day moving average is $72.45. Urban Outfitters has a 12-month low of $59.53 and a 12-month high of $85.43. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.18 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, meeting analysts' consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $1.58 EPS. Urban Outfitters's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts expect that Urban Outfitters will post 6.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tricia Smith sold 3,500 shares of Urban Outfitters stock in a transaction on Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer directly owned 30,112 shares in the company, valued at approximately $2,287,006.40. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 5,700 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the transaction, the chief financial officer directly owned 11,323 shares in the company, valued at approximately $914,332.25. This represents a 33.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 32.10% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. increased its holdings in Urban Outfitters by 25.9% during the second quarter. QRG Capital Management Inc. now owns 13,796 shares of the apparel retailer's stock worth $978,000 after buying an additional 2,839 shares during the last quarter. Engineers Gate Manager LP boosted its stake in Urban Outfitters by 211.4% in the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock valued at $30,344,000 after acquiring an additional 290,698 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Urban Outfitters by 87.0% during the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer's stock valued at $38,000 after acquiring an additional 247 shares during the period. Allworth Financial LP grew its position in shares of Urban Outfitters by 186.9% during the 2nd quarter. Allworth Financial LP now owns 439 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 286 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $118,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company's portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women's clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women's apparel and activewear.

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