Urban Outfitters (NASDAQ:URBN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Urban Outfitters (NASDAQ:URBN) had its price objective upped by Wells Fargo & Company from $48.00 to $60.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

Other equities research analysts also recently issued research reports about the company. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $59.00 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 company a “neutral” rating in a research report on Wednesday. Bank of America boosted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.64.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $56.96 on Friday. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 1.55. Urban Outfitters has a one year low of $33.86 and a one year high of $59.05. The company’s 50 day moving average price is $47.86 and its 200 day moving average price is $42.56.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of Urban Outfitters by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after acquiring an additional 482 shares during the last quarter. Natixis Advisors LLC increased its stake in Urban Outfitters by 7.7% during the second quarter. Natixis Advisors LLC now owns 15,425 shares of the apparel retailer’s stock valued at $633,000 after purchasing an additional 1,106 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Urban Outfitters by 0.9% during the second quarter. Rhumbline Advisers now owns 180,474 shares of the apparel retailer’s stock worth $7,408,000 after purchasing an additional 1,649 shares during the period. TD Asset Management Inc raised its holdings in shares of Urban Outfitters by 123.7% during the second quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer’s stock worth $698,000 after purchasing an additional 9,400 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Urban Outfitters by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after buying an additional 401 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

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.