Jefferies Financial Group set a $58.00 price objective on Urban Outfitters (NASDAQ:URBN) in a research report released on Wednesday morning. The firm currently has a buy rating on the apparel retailer’s stock. Jefferies Financial Group also issued estimates for Urban Outfitters’ Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.85 EPS, FY2019 earnings at $2.72 EPS, FY2020 earnings at $2.95 EPS and FY2020 earnings at $2.90 EPS.

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Urban Outfitters from a strong-buy rating to a buy rating in a research report on Wednesday, May 23rd. Deutsche Bank upped their price objective on shares of Urban Outfitters from $32.00 to $35.00 and gave the stock a sell rating in a research report on Tuesday, June 12th. Robert W. Baird downgraded shares of Urban Outfitters from an outperform rating to a neutral rating and set a $38.00 price objective for the company. in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Wells Fargo & Co upped their price objective on shares of Urban Outfitters from $45.00 to $50.00 and gave the stock a market perform rating in a research report on Wednesday. Finally, Nomura upped their price objective on shares of Urban Outfitters from $40.00 to $43.00 and gave the stock a neutral rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Urban Outfitters currently has an average rating of Hold and an average target price of $46.77.

Shares of Urban Outfitters stock opened at $45.60 on Wednesday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.58 and a beta of 0.46. Urban Outfitters has a fifty-two week low of $20.18 and a fifty-two week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $992.50 million during the quarter, compared to the consensus estimate of $980.19 million. Urban Outfitters had a net margin of 4.71% and a return on equity of 19.40%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. sell-side analysts expect that Urban Outfitters will post 2.64 EPS for the current year.

In related news, Director Joel S. Lawson III sold 10,000 shares of the company’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $45.66, for a total transaction of $456,600.00. Following the completion of the transaction, the director now owns 17,000 shares in the company, valued at approximately $776,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Azeez Hayne sold 7,777 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $46.28, for a total transaction of $359,919.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,777 shares of company stock valued at $1,694,720. Insiders own 25.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Urban Outfitters by 7.9% during the 2nd quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock worth $453,903,000 after purchasing an additional 749,276 shares during the last quarter. FMR LLC raised its holdings in Urban Outfitters by 79.7% in the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after acquiring an additional 3,492,613 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Urban Outfitters by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,725,076 shares of the apparel retailer’s stock valued at $76,854,000 after acquiring an additional 103,280 shares during the last quarter. Columbus Circle Investors raised its holdings in Urban Outfitters by 42.2% in the 2nd quarter. Columbus Circle Investors now owns 1,581,772 shares of the apparel retailer’s stock valued at $70,468,000 after acquiring an additional 469,144 shares during the last quarter. Finally, Waddell & Reed Financial Inc. acquired a new stake in Urban Outfitters in the 2nd quarter valued at about $50,202,000. Hedge funds and other institutional investors own 74.13% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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