Urban Outfitters (NASDAQ:URBN) PT Raised to $35.00

Urban Outfitters (NASDAQ:URBN - Free Report) had its price objective boosted by Jefferies Financial Group from $32.00 to $35.00 in a report issued on Wednesday, Benzinga reports. Jefferies Financial Group currently has an underperform rating on the apparel retailer's stock.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $46.00 to $44.00 and set a neutral rating on the stock in a research report on Wednesday, February 28th. Robert W. Baird lifted their target price on Urban Outfitters from $48.00 to $50.00 and gave the stock a neutral rating in a report on Wednesday. Telsey Advisory Group lifted their target price on Urban Outfitters from $48.00 to $49.00 and gave the stock an outperform rating in a report on Wednesday. StockNews.com lowered Urban Outfitters from a buy rating to a hold rating in a report on Friday, March 1st. Finally, BMO Capital Markets lifted their target price on Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a report on Thursday, February 29th. One 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 stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $41.33.

Urban Outfitters Trading Down 4.6 %

Shares of NASDAQ:URBN traded down $1.90 during midday trading on Wednesday, hitting $39.42. The company had a trading volume of 5,889,797 shares, compared to its average volume of 1,743,777. Urban Outfitters has a 12 month low of $26.45 and a 12 month high of $47.29. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.65 and a beta of 1.55. The firm has a fifty day simple moving average of $40.79 and a 200 day simple moving average of $39.26.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.56 EPS. The firm's revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Urban Outfitters will post 3.53 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the sale, the chief executive officer now owns 6,353 shares of the company's stock, valued at approximately $258,821.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Tricia D. Smith sold 6,250 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was 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 in the company, valued at $258,821.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 2,878 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the sale, the insider now owns 2,878 shares in the company, valued at approximately $117,278.50. The disclosure for this sale can be found here. Insiders have sold 18,473 shares of company stock valued at $757,483 in the last 90 days. 31.80% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Urban Outfitters by 9.6% in the fourth quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer's stock valued at $273,835,000 after buying an additional 674,790 shares during the period. Woodson Capital Management LP bought a new stake in Urban Outfitters in the first quarter valued at approximately $27,233,000. Cercano Management LLC bought a new stake in Urban Outfitters in the fourth quarter valued at approximately $18,815,000. Goldman Sachs Group Inc. raised its stake in Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer's stock valued at $37,101,000 after buying an additional 470,323 shares during the period. Finally, Norges Bank bought a new stake in Urban Outfitters in the fourth quarter valued at approximately $16,314,000. Institutional investors 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.