Urban Outfitters (URBN) Price Target Raised to $46.00 at JPMorgan Chase

Urban Outfitters (NASDAQ:URBN) had its target price hoisted by JPMorgan Chase from $43.00 to $46.00 in a research note issued to investors on Monday. JPMorgan Chase currently has an overweight rating on the apparel retailer’s stock.

URBN has been the topic of several other reports. Zacks Investment Research lowered Urban Outfitters from a strong-buy rating to a hold rating in a report on Saturday, January 6th. BidaskClub raised Urban Outfitters from a buy rating to a strong-buy rating in a report on Friday, February 23rd. Telsey Advisory Group raised their price objective on Urban Outfitters from $35.00 to $38.00 and gave the company a market perform rating in a report on Tuesday, January 2nd. Buckingham Research reissued a buy rating and issued a $42.00 price objective (up from $32.00) on shares of Urban Outfitters in a report on Thursday, January 11th. Finally, Royal Bank of Canada set a $40.00 price objective on Urban Outfitters and gave the company a hold rating in a report on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $32.00.

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Urban Outfitters stock opened at $39.44 on Monday. The stock has a market cap of $4,271.74, a P/E ratio of 23.62, a P/E/G ratio of 1.44 and a beta of 0.54. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.23.



Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. Urban Outfitters’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. analysts predict that Urban Outfitters will post 2.28 EPS for the current year.

In related news, General Counsel Azeez Hayne sold 800 shares of Urban Outfitters stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $39.01, for a total transaction of $31,208.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Trish Donnelly sold 10,311 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $38.62, for a total value of $398,210.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 390,295 shares of company stock worth $14,551,402. Company insiders own 25.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in URBN. Trust Co. of Vermont purchased a new position in Urban Outfitters during the fourth quarter worth approximately $110,000. State of Alaska Department of Revenue purchased a new position in Urban Outfitters during the fourth quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after buying an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co purchased a new position in Urban Outfitters during the fourth quarter worth approximately $207,000. Finally, Shelton Capital Management purchased a new position in Urban Outfitters during the fourth quarter worth approximately $234,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.

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About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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