Published On: Sat, Sep 10th, 2016

Urban Outfitters’ (URBN) “Outperform” Rating Reaffirmed at Robert W. Baird

Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “outperform” rating reiterated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Saturday. They presently have a $38.00 price objective on the apparel retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 5.32% from the company’s current price.
A number of other brokerages have also weighed in on URBN. Wells Fargo & Co. restated a “market perform” rating and set a $25.00 price objective (down previously from $26.00) on shares of Urban Outfitters in a research report on Monday, June 13th. Wedbush reduced their price objective on Urban Outfitters from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Jefferies Group boosted their price objective on Urban Outfitters from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Wolfe Research upgraded 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 report on Wednesday. Finally, Nomura boosted their price objective on Urban Outfitters from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.40.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 36.08 on Friday. The company has a market capitalization of $4.23 billion, a P/E ratio of 18.58 and a beta of 1.00. Urban Outfitters has a one year low of $19.26 and a one year high of $37.82. The firm has a 50 day moving average price of $33.11 and a 200 day moving average price of $30.21.

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Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. Urban Outfitters had a return on equity of 19.93% and a net margin of 6.63%. The company had revenue of $890.57 million for the quarter, compared to analyst estimates of $886.39 million. During the same quarter last year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters will post $2.05 EPS for the current fiscal year.
In other news, CFO Frank Conforti sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total transaction of $149,680.00. Following the transaction, the chief financial officer now directly owns 4,000 shares of the company’s stock, valued at $149,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.30% of the company’s stock.
Several hedge funds and institutional investors recently made changes to their positions in URBN. Norges Bank bought a new position in shares of Urban Outfitters during the fourth quarter worth about $31,619,000. Old Mutual Global Investors UK Ltd. raised its stake in Urban Outfitters by 9.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,160,517 shares of the apparel retailer’s stock worth $31,914,000 after buying an additional 100,365 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Urban Outfitters by 202.8% in the first quarter. TIAA CREF Investment Management LLC now owns 775,418 shares of the apparel retailer’s stock worth $25,659,000 after buying an additional 519,303 shares in the last quarter. Emerald Advisers Inc. PA raised its stake in Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock worth $18,200,000 after buying an additional 490,430 shares in the last quarter. Finally, First Quadrant L P CA raised its stake in Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock worth $13,024,000 after buying an additional 339,701 shares in the last quarter. 73.03% of the stock is currently owned by hedge funds and other institutional investors.
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.

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