Urban Outfitters (NASDAQ:URBN) Raised to "Outperform" at Robert W. Baird

Urban Outfitters (NASDAQ:URBN - Get Free Report) was upgraded by stock analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $90.00 target price on the apparel retailer's stock, up from their previous target price of $75.00. Robert W. Baird's price target suggests a potential upside of 31.00% from the stock's current price.

A number of other equities analysts also recently commented on the company. Bank of America increased their price objective on Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Barclays increased 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, May 20th. UBS Group lifted their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $63.00 to $78.00 in a report on Thursday, May 22nd. Finally, BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the company a "market perform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Price Performance

Urban Outfitters stock traded down $0.53 during trading hours on Wednesday, hitting $68.70. The company had a trading volume of 730,070 shares, compared to its average volume of 1,974,262. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The firm has a market capitalization of $6.37 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The firm's fifty day moving average is $58.14 and its 200-day moving average is $55.25.

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

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total value of $5,807,200.00. Following the sale, the insider now owns 100 shares of the company's stock, valued at $7,259. This trade represents a 99.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of the transaction, the chief executive officer now directly owns 13,477 shares in the company, valued at approximately $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock worth $11,636,158 over the last ninety days. Company insiders own 31.60% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its stake in Urban Outfitters by 11.2% during 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 purchasing an additional 233,371 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Urban Outfitters by 5.6% during the 4th 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 lifted its stake in shares of Urban Outfitters by 16.5% in the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock valued at $90,571,000 after buying an additional 244,801 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake 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 buying an additional 302,444 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Urban Outfitters by 5.4% during the fourth 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 in the last quarter. 77.61% of the stock is owned by 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.