Urban Outfitters (NASDAQ:URBN) Given New $75.00 Price Target at UBS Group

Urban Outfitters (NASDAQ:URBN - Free Report) had its price objective raised by UBS Group from $54.00 to $75.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the apparel retailer's stock.

A number of other brokerages have also recently issued reports on URBN. Barclays boosted their price objective on Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. upgraded Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $63.00 to $78.00 in a research note on Thursday, May 22nd. Morgan Stanley upped their price objective on Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $72.00 price objective (up previously from $59.00) on shares of Urban Outfitters in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Urban Outfitters currently has a consensus rating of "Hold" and an average target price of $69.36.

Urban Outfitters Price Performance

URBN stock traded down $2.51 during trading hours on Wednesday, reaching $69.96. The stock had a trading volume of 2,976,473 shares, compared to its average volume of 1,964,751. The stock has a 50-day simple moving average of $55.04 and a 200 day simple moving average of $53.47. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The stock has a market capitalization of $6.48 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. On average, sell-side analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, Director Kotzman Kelly Campbell sold 6,800 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director now owns 4,750 shares of the company's stock, valued at $356,725. This represents a 58.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,632 shares of company stock valued at $7,175,331 in the last ninety days. 31.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after acquiring an additional 1,094,134 shares in the last quarter. Proficio Capital Partners LLC grew its position in Urban Outfitters by 5,565.6% in the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after purchasing an additional 859,886 shares during the period. Nuveen LLC bought a new stake in Urban Outfitters during the 1st quarter valued at $43,769,000. Wedge Capital Management L L P NC acquired a new position in Urban Outfitters during the first quarter worth $40,544,000. Finally, Norges Bank bought a new stake in shares of Urban Outfitters during the fourth quarter worth about $31,605,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.