Barclays Cuts Urban Outfitters (NASDAQ:URBN) Price Target to $59.00

Urban Outfitters (NASDAQ:URBN - Free Report) had its target price decreased by Barclays from $68.00 to $59.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the apparel retailer's stock.

URBN has been the topic of several other reports. Wells Fargo & Company lowered their target price on shares of Urban Outfitters from $65.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Telsey Advisory Group raised their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Citigroup lowered their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley lowered their price target on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Urban Outfitters has an average rating of "Hold" and an average price target of $52.82.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded up $0.67 during mid-day trading on Monday, hitting $61.05. The company had a trading volume of 743,699 shares, compared to its average volume of 1,899,684. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $61.53. The company has a market capitalization of $5.66 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The business's 50-day simple moving average is $50.95 and its 200 day simple moving average is $50.89.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. On average, analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. This represents a 44.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock valued at $121,700,000 after acquiring an additional 233,371 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after purchasing an additional 115,390 shares during the period. Junto Capital Management LP raised its holdings in shares of Urban Outfitters by 0.9% during the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock worth $81,422,000 after acquiring an additional 13,820 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after purchasing an additional 302,444 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock worth $64,482,000 after buying an additional 60,697 shares during the last quarter. 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.