Urban Outfitters (NASDAQ:URBN) Price Target Raised to $65.00 at Wells Fargo & Company

Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by Wells Fargo & Company from $60.00 to $65.00 in a report issued on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the apparel retailer’s stock.

A number of other equities analysts have also recently commented on the company. UBS Group lifted their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Robert W. Baird boosted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Bank of America boosted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group boosted their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.55.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $57.25 on Thursday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90. The stock has a market capitalization of $5.28 billion, a P/E ratio of 16.40, a PEG ratio of 1.02 and a beta of 1.54. The stock has a 50-day simple moving average of $55.85 and a 200 day simple moving average of $45.42.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Research analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 31.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in URBN. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Farther Finance Advisors LLC raised its position in Urban Outfitters by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 785 shares in the last quarter. James Investment Research Inc. raised its position in Urban Outfitters by 33.2% during the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock valued at $403,000 after purchasing an additional 2,620 shares in the last quarter. Ground Swell Capital LLC acquired a new position in Urban Outfitters during the third quarter valued at approximately $223,000. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the third quarter valued at approximately $47,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.