Urban Outfitters (NASDAQ:URBN) Price Target Raised to $85.00

Urban Outfitters (NASDAQ:URBN) had its price target lifted by Telsey Advisory Group from $80.00 to $85.00 in a research report report published on Wednesday morning, MarketBeat.com reports. The brokerage currently has a market perform rating on the apparel retailer’s stock. Telsey Advisory Group also issued estimates for Urban Outfitters’ Q4 2026 earnings at $1.28 EPS, FY2026 earnings at $5.29 EPS, Q1 2027 earnings at $1.24 EPS, Q2 2027 earnings at $1.64 EPS, Q3 2027 earnings at $1.38 EPS, Q4 2027 earnings at $1.39 EPS and FY2027 earnings at $5.66 EPS.

Several other research firms have also issued reports on URBN. UBS Group lifted their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley upped their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Wells Fargo & Company boosted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Moderate Buy” and an average price target of $85.36.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $73.97 on Wednesday. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.04 and a beta of 1.28. The stock has a 50-day simple moving average of $67.55 and a 200-day simple moving average of $70.29. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the sale, the director directly owned 14,250 shares in the company, valued at $999,210. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the transaction, the chief executive officer directly owned 18,027,939 shares of the company’s stock, valued at $1,270,248,581.94. This represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 44,400 shares of company stock valued at $3,118,738. 31.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in URBN. Jupiter Asset Management Ltd. raised its holdings in Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after acquiring an additional 873,008 shares in the last quarter. Capital World Investors acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth approximately $60,795,000. Nuveen LLC bought a new stake in shares of Urban Outfitters during the first quarter valued at approximately $43,769,000. Norges Bank bought a new stake in shares of Urban Outfitters during the second quarter valued at approximately $55,429,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Urban Outfitters by 5,360.2% in the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after purchasing an additional 606,831 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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.