UBS Group Raises Urban Outfitters (NASDAQ:URBN) Price Target to $43.00

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price target lifted by research analysts at UBS Group from $42.00 to $43.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the apparel retailer's stock. UBS Group's price target suggests a potential upside of 3.39% from the stock's current price.

URBN has been the topic of several other reports. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. BMO Capital Markets raised their price target on Urban Outfitters from $38.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, February 29th. Telsey Advisory Group boosted their price objective on Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Finally, Jefferies Financial Group downgraded shares of Urban Outfitters from a "hold" rating to an "underperform" rating and reduced their price target for the company from $42.00 to $32.00 in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and an average price target of $39.75.

Urban Outfitters Stock Up 0.1 %

NASDAQ URBN traded up $0.03 during trading hours on Thursday, hitting $41.59. 1,517,002 shares of the company were exchanged, compared to its average volume of 1,671,513. The company has a 50 day moving average of $40.82 and a two-hundred day moving average of $39.04. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.65 and a beta of 1.55. Urban Outfitters has a 52-week low of $26.45 and a 52-week high of $47.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. Urban Outfitters's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. On average, equities research analysts predict that Urban Outfitters will post 3.53 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 6,250 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the transaction, the chief executive officer now directly owns 6,353 shares of the company's stock, valued at approximately $258,821.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Tricia D. Smith sold 6,250 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the sale, the chief executive officer now owns 6,353 shares of the company's stock, valued at $258,821.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 3,345 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the transaction, the chief financial officer now directly owns 6,908 shares of the company's stock, valued at $291,724.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,473 shares of company stock valued at $757,483. 31.80% of the stock is owned by company insiders.

Institutional Trading of Urban Outfitters

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock worth $31,000 after buying an additional 417 shares in the last quarter. Spire Wealth Management grew its position in shares of Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $81,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $112,000. Finally, Headlands Technologies LLC purchased a new stake in Urban Outfitters in the 4th quarter valued at approximately $150,000. 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.