Urban Outfitters (NASDAQ:URBN) Price Target Lowered to $75.00 at Wells Fargo & Company

Urban Outfitters (NASDAQ:URBNGet Free Report) had its price objective cut by Wells Fargo & Company from $80.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.79% from the company’s current price.

A number of other research analysts have also recently commented on URBN. Telsey Advisory Group restated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research note on Thursday. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Guggenheim initiated coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Citigroup raised their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $86.25.

View Our Latest Stock Report on URBN

Urban Outfitters Stock Up 5.3%

URBN stock traded up $3.48 during mid-day trading on Thursday, hitting $68.94. 1,052,962 shares of the company were exchanged, compared to its average volume of 1,585,464. Urban Outfitters has a 12-month low of $41.89 and a 12-month high of $84.35. The firm has a market capitalization of $6.18 billion, a P/E ratio of 13.05, a PEG ratio of 0.90 and a beta of 1.24. The business has a fifty day simple moving average of $72.88 and a 200-day simple moving average of $71.59.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm earned $1.04 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Research analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $74.94, for a total value of $799,384.98. Following the sale, the chief executive officer directly owned 17,995,938 shares in the company, valued at $1,348,615,593.72. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 602,850 shares of company stock valued at $45,557,264 over the last 90 days. Corporate insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors have recently added to or reduced their stakes in URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after buying an additional 13,554 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after buying an additional 140 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at $205,000. Finally, Strs Ohio raised its stake in Urban Outfitters by 110.2% during the 2nd quarter. Strs Ohio now owns 18,500 shares of the apparel retailer’s stock worth $1,342,000 after acquiring an additional 9,700 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Key Stories Impacting Urban Outfitters

Here are the key news stories impacting Urban Outfitters this week:

About Urban Outfitters

(Get Free Report)

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

See Also

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.