Urban Outfitters (NASDAQ:URBN) Given a $76.00 Price Target at BMO Capital Markets

Urban Outfitters (NASDAQ:URBN - Get Free Report) has been given a $76.00 price target by equities researchers at BMO Capital Markets in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a "market perform" rating on the apparel retailer's stock. BMO Capital Markets' price target suggests a potential upside of 3.81% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays boosted their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $55.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. raised Urban Outfitters from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $63.00 to $78.00 in a report on Thursday. Finally, UBS Group increased their target price on Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and an average target price of $67.45.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $73.21 on Thursday. The firm's fifty day moving average is $52.36 and its two-hundred day moving average is $52.01. The firm has a market cap of $6.78 billion, a PE ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.33. Urban Outfitters has a one year low of $33.86 and a one year high of $73.68.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.69 EPS. The company's revenue was up 10.7% on a year-over-year basis. Research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the 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 completion of the sale, the director now directly 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. Insiders have sold 29,976 shares of company stock valued at $1,663,713 in the last quarter. 31.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of URBN. Whipplewood Advisors LLC lifted its stake in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 687 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of Urban Outfitters during the first quarter valued at $46,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Urban Outfitters during the 1st quarter worth about $52,000. 77.61% of the stock is owned by hedge funds and other 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.