Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Consensus Target Price of $90.54 According to Analysts

Key Points

• Analysts maintain a moderately bullish outlook on Urban Outfitters, with nine buy ratings and eight hold ratings. The average 12-month price target is $90.54, with recent targets ranging from $80 to $110.
• Urban Outfitters reported quarterly EPS of $1.72, in line with estimates, while revenue of $1.66 billion exceeded expectations and increased 10.4% year over year.
• URBN shares opened at $86.55, near their 52-week high of $90.59. Institutional investors own 77.61% of the company, while insiders have sold 14,200 shares worth approximately $1.16 million over the past 90 days.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $90.54.

URBN has been the topic of several analyst reports. The Goldman Sachs Group raised Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price objective for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Barclays boosted their price target on Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price target on shares of Urban Outfitters in a report on Thursday, August 27th. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $97.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company lifted their price objective on Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th.

Urban Outfitters Price Performance

Shares of URBN opened at $86.55 on Monday. The company has a 50-day simple moving average of $79.37 and a two-hundred day simple moving average of $74.90. The firm has a market capitalization of $7.41 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24. Urban Outfitters has a one year low of $59.53 and a one year high of $90.59.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.72. The company had revenue of $1.66 billion during 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%. Urban Outfitters's revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. Analysts expect that Urban Outfitters will post 6.20 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 3,500 shares of Urban Outfitters stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $75.95, for a total value of $265,825.00. Following the completion of the sale, the chief executive officer directly owned 30,112 shares in the company, valued at $2,287,006.40. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the transaction, the director directly owned 494,315 shares of the company's stock, valued at $43,035,063.90. The trade was a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,200 shares of company stock worth $1,161,400. Company insiders own 32.10% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of Urban Outfitters by 72.4% during the 3rd quarter. Signaturefd LLC now owns 1,698 shares of the apparel retailer's stock valued at $130,000 after buying an additional 713 shares during the period. James Investment Research Inc. boosted its stake in shares of Urban Outfitters by 8.4% in the 3rd quarter. James Investment Research Inc. now owns 13,214 shares of the apparel retailer's stock worth $1,009,000 after buying an additional 1,025 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of Urban Outfitters by 8.4% in the third quarter. Yousif Capital Management LLC now owns 15,120 shares of the apparel retailer's stock worth $1,155,000 after acquiring an additional 1,169 shares during the period. Root Financial Partners LLC bought a new stake in shares of Urban Outfitters in the third quarter worth $38,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Urban Outfitters in the third quarter worth $1,030,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.