Analysts Set Urban Outfitters, Inc. (NASDAQ:URBN) PT at $74.09

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $74.09.

Several research analysts have issued reports on URBN shares. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and raised their target price for the stock from $50.00 to $70.00 in a research report on Friday, June 6th. Barclays boosted their target price on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. UBS Group increased their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Wall Street Zen raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Finally, Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th.

Urban Outfitters Stock Performance

Shares of URBN stock traded down $0.19 during trading hours on Tuesday, reaching $72.28. The company had a trading volume of 1,231,261 shares, compared to its average volume of 1,999,462. The business has a fifty day moving average price of $67.06 and a 200-day moving average price of $58.13. Urban Outfitters has a one year low of $33.86 and a one year high of $75.80. The firm has a market cap of $6.48 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insiders Place Their Bets

In related news, insider Azeez Hayne sold 12,856 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. 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 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the completion of the transaction, the chief financial officer owned 5,036 shares of the company's stock, valued at $369,440.96. The trade was a 79.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,156 shares of company stock valued at $11,636,158. Insiders own 31.60% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently bought and sold shares of the stock. 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 valued at $1,429,000 after purchasing an additional 185 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Urban Outfitters during the second quarter valued at approximately $5,473,000. Wealth Enhancement Advisory Services LLC boosted its stake in Urban Outfitters by 5.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,968 shares of the apparel retailer's stock valued at $586,000 after buying an additional 395 shares during the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in Urban Outfitters during the 2nd quarter valued at approximately $207,000. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in Urban Outfitters in the 2nd quarter worth approximately $299,000. 77.61% of the stock is owned by hedge funds and other 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.