Trade Report: The Urban Outfitters Inc. (URBN) PT Set at $45.00 by Jefferies Group

The Urban Outfitters Inc. (URBN) PT Set at $45.00 by Jefferies Group

Urban Outfitters Inc. (NASDAQ:URBN) received a $45.00 price target from Jefferies Group in a research note issued on Thursday. The firm presently has a “buy” rating on the apparel retailer’s stock. Jefferies Group’s price target would indicate a potential upside of 34.09% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and boosted their price objective for the stock from $36.00 to $43.00 in a research note on Wednesday, September 7th. Vetr upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating and set a $35.42 target price on the stock in a research note on Thursday. Wedbush set a $34.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Friday. Stifel Nicolaus upped their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Piper Jaffray Cos. reiterated a “fair value” rating and issued a $42.00 target price (up previously from $32.00) on shares of Urban Outfitters in a research note on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.79.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Thursday. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 18.85 and a beta of 0.69. The firm has a 50-day moving average of $35.15 and a 200-day moving average of $31.98.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The business had revenue of $862.50 million for the quarter. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Urban Outfitters’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Urban Outfitters will post $2.05 EPS for the current year.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 24.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Urban Outfitters by 983.2% in the third quarter. Ameriprise Financial Inc. now owns 2,560,815 shares of the apparel retailer’s stock worth $88,397,000 after buying an additional 2,324,398 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock worth $441,804,000 after buying an additional 1,388,672 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock worth $80,430,000 after buying an additional 1,286,540 shares during the last quarter. Numeric Investors LLC increased its position in shares of Urban Outfitters by 286.0% in the second quarter. Numeric Investors LLC now owns 998,300 shares of the apparel retailer’s stock worth $27,453,000 after buying an additional 739,700 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Urban Outfitters by 3,162.4% in the third quarter. Acadian Asset Management LLC now owns 631,765 shares of the apparel retailer’s stock worth $21,810,000 after buying an additional 612,400 shares during the last quarter. 74.17% of the stock is currently owned by institutional investors and hedge funds.

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