Morgan Stanley Increases Urban Outfitters (NASDAQ:URBN) Price Target to $40.00

Urban Outfitters (NASDAQ:URBN - Free Report) had its price target raised by Morgan Stanley from $39.00 to $40.00 in a research report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the apparel retailer's stock.

Several other research analysts also recently commented on URBN. Barclays raised their price target on shares of Urban Outfitters from $48.00 to $50.00 and gave the company an overweight rating in a report on Wednesday. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an outperform rating in a research report on Wednesday. UBS Group boosted their price objective on shares of Urban Outfitters from $42.00 to $43.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Jefferies Financial Group increased their price objective on shares of Urban Outfitters from $32.00 to $35.00 and gave the company an underperform rating in a research report on Wednesday. Finally, BMO Capital Markets upped their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a market perform rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $41.67.

Urban Outfitters Trading Up 2.3 %

NASDAQ URBN traded up $0.90 on Thursday, hitting $40.32. 2,620,176 shares of the company's stock were exchanged, compared to its average volume of 1,752,563. The stock has a 50-day moving average of $40.74 and a 200-day moving average of $39.27. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.94 and a beta of 1.55. Urban Outfitters has a 52 week low of $29.77 and a 52 week high of $47.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.59% and a net margin of 5.66%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.56 EPS. The business's revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that Urban Outfitters will post 3.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Melanie Marein-Efron sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $40.72, for a total transaction of $244,320.00. Following the sale, the chief financial officer now directly owns 908 shares of the company's stock, valued at approximately $36,973.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $117,278.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Melanie Marein-Efron sold 6,000 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the completion of the sale, the chief financial officer now owns 908 shares in the company, valued at $36,973.76. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock worth $757,483 in the last 90 days. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently modified their holdings of URBN. Louisiana State Employees Retirement System bought a new position in Urban Outfitters during the 4th quarter worth $1,010,000. Vanguard Group Inc. raised its stake in Urban Outfitters by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer's stock worth $228,758,000 after buying an additional 159,644 shares during the period. Los Angeles Capital Management LLC acquired a new position in Urban Outfitters during the 4th quarter worth approximately $753,000. Caxton Associates LP bought a new stake in Urban Outfitters during the 3rd quarter worth approximately $744,000. Finally, Tudor Investment Corp Et Al grew its holdings in shares of Urban Outfitters by 2,657.9% in the third quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer's stock valued at $7,604,000 after acquiring an additional 224,169 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.