Urban Outfitters, Inc. (NASDAQ:URBN) Stock Has Average Price Target of $89.75

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $89.75.

A number of equities research analysts recently issued reports on URBN shares. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. BMO Capital Markets began coverage on Urban Outfitters in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. Citigroup reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Friday, August 28th. The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $90.00 price target on shares of Urban Outfitters in a research report on Thursday, August 27th.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $75.95, for a total value of $265,825.00. Following the completion of the transaction, the chief executive officer directly owned 30,112 shares in the company, valued at approximately $2,287,006.40. The trade was a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the sale, the chief financial officer directly owned 11,323 shares of the company’s stock, valued at approximately $914,332.25. This trade represents a 33.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in URBN. GAMMA Investing LLC raised its stake in shares of Urban Outfitters by 10.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 188 shares during the period. NewEdge Advisors LLC boosted its stake in Urban Outfitters by 87.0% in the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 247 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Urban Outfitters by 2.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer’s stock worth $679,000 after purchasing an additional 263 shares during the period. Allworth Financial LP grew its holdings in Urban Outfitters by 186.9% during the 2nd quarter. Allworth Financial LP now owns 439 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 286 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Urban Outfitters by 0.7% during the first quarter. Bessemer Group Inc. now owns 41,147 shares of the apparel retailer’s stock valued at $2,607,000 after buying an additional 296 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

URBN opened at $80.80 on Thursday. The stock has a fifty day moving average of $77.08 and a 200-day moving average of $72.61. The company has a market capitalization of $6.92 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.26 and a beta of 1.24. Urban Outfitters has a fifty-two week low of $59.53 and a fifty-two week high of $85.43.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters will post 6.2 earnings per share for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.