UBS Group Issues Positive Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Key Points

• UBS Group has raised its target price for Urban Outfitters' stock from $78 to $79, indicating a potential upside of 19.12% from the previous close, while maintaining a "neutral" rating.
• Urban Outfitters recently reported $1.58 earnings per share for the quarter, exceeding estimates of $1.44 and showing a 11.3% revenue increase year-over-year.
• Insider trading activity includes CEO Tricia D. Smith selling 4,500 shares, reducing her stake significantly, while institutional investors hold 77.61% of the company's stock.

Urban Outfitters (NASDAQ:URBN - Free Report) had its price objective increased by UBS Group from $78.00 to $79.00 in a research report sent to investors on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the apparel retailer's stock.

A number of other research firms have also recently commented on URBN. Bank of America increased their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, August 28th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the company a "market perform" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Urban Outfitters has an average rating of "Hold" and an average target price of $81.91.

Urban Outfitters Stock Down 0.8%

Shares of NASDAQ URBN traded down $0.58 on Tuesday, reaching $70.77. 2,111,829 shares of the company's stock traded hands, compared to its average volume of 2,222,433. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $80.71. The business's 50 day simple moving average is $74.13 and its two-hundred day simple moving average is $63.32. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. Analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer directly owned 13,477 shares in the company, valued at approximately $950,398.04. The trade was a 25.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.60% of the company's stock.

Institutional Trading of Urban Outfitters

A number of large investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its holdings in shares of Urban Outfitters by 11.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer's stock worth $97,000 after purchasing an additional 140 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Urban Outfitters by 0.9% during the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer's stock worth $1,429,000 after purchasing an additional 185 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Urban Outfitters by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer's stock worth $1,205,000 after purchasing an additional 198 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock worth $545,000 after purchasing an additional 203 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after purchasing an additional 222 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

About Urban Outfitters

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.