Stifel Nicolaus set a $40.00 price target on Urban Outfitters Inc. (NASDAQ:URBN) in a research note published on Thursday. The brokerage currently has a buy rating on the apparel retailer’s stock.

Several other research analysts have also commented on URBN. Nomura lifted their price objective on shares of Urban Outfitters from $30.00 to $33.00 and gave the stock a neutral rating in a research note on Wednesday, August 17th. Jefferies Group reaffirmed a buy rating and set a $45.00 price objective (up from $40.00) on shares of Urban Outfitters in a research note on Friday, September 2nd. Cowen and Company set a $37.00 price objective on shares of Urban Outfitters and gave the stock a hold rating in a research note on Thursday, November 24th. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $33.00 to $38.00 and gave the stock an outperform rating in a research note on Wednesday, August 17th. Finally, Wunderlich lowered shares of Urban Outfitters from a buy rating to a hold rating and dropped their price objective for the stock from $40.00 to $32.00 in a research note on Wednesday, November 23rd. Twenty-two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $35.79.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Shares of Urban Outfitters (NASDAQ:URBN) opened at 32.42 on Thursday. The stock has a 50 day moving average of $35.03 and a 200-day moving average of $32.08. The stock has a market cap of $3.77 billion, a PE ratio of 16.85 and a beta of 0.69. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80.

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. The firm had revenue of $862.50 million for the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Equities research analysts predict that Urban Outfitters will post $2.05 earnings per share for the current fiscal year.

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In related news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 24.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted 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 period. Vanguard Group Inc. boosted its position in shares of Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock worth $222,318,000 after buying an additional 412,250 shares during the period. FMR LLC boosted its position in shares of Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock worth $138,159,000 after buying an additional 563,409 shares during the period. State Street Corp boosted its position in shares of Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock worth $101,278,000 after buying an additional 25,135 shares during the period. Finally, AQR Capital Management LLC boosted 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 period. Institutional investors own 76.21% of the company’s stock.

About Urban Outfitters

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

5 Day Chart for NASDAQ:URBN

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