UBS Group Increases Urban Outfitters (NASDAQ:URBN) Price Target to $60.00

Urban Outfitters (NASDAQ:URBN) had its price target increased by equities research analysts at UBS Group from $45.00 to $60.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price target suggests a potential upside of 4.88% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Morgan Stanley upped their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Robert W. Baird increased their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.64.

Urban Outfitters Stock Up 0.2 %

Shares of NASDAQ:URBN traded up $0.11 during midday trading on Friday, reaching $57.21. 1,753,356 shares of the company were exchanged, compared to its average volume of 1,714,578. The firm has a market cap of $5.28 billion, a PE ratio of 16.39, a P/E/G ratio of 1.10 and a beta of 1.55. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $59.05. The stock has a fifty day simple moving average of $47.86 and a two-hundred day simple moving average of $42.56.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. As a group, analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its position in shares of Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after purchasing an additional 1,230,771 shares during the period. American Century Companies Inc. boosted its holdings in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares during the period. Cerity Partners LLC acquired a new position in shares of Urban Outfitters in the third quarter valued at approximately $8,340,000. Empowered Funds LLC bought a new position in shares of Urban Outfitters during the third quarter worth approximately $7,789,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Urban Outfitters during the 2nd quarter worth approximately $7,238,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.