Urban Outfitters (NASDAQ:URBN) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report released on Wednesday.

A number of other analysts have also commented on the stock. Robert W. Baird boosted their price objective on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a neutral rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of Urban Outfitters from $32.00 to $35.00 and gave the stock an underperform rating in a research note on Wednesday. Barclays lifted their target price on Urban Outfitters from $48.00 to $50.00 and gave the company an overweight rating in a research report on Wednesday. Telsey Advisory Group increased their price target on Urban Outfitters from $48.00 to $49.00 and gave the company an outperform rating in a research report on Wednesday. Finally, BMO Capital Markets boosted their price target on Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $41.33.

Urban Outfitters Stock Down 4.6 %

Urban Outfitters stock opened at $39.42 on Wednesday. Urban Outfitters has a twelve month low of $26.45 and a twelve month high of $47.29. The company has a 50 day moving average of $40.79 and a 200-day moving average of $39.26. The stock has a market capitalization of $3.68 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Equities analysts anticipate that Urban Outfitters will post 3.53 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the transaction, the chief executive officer now owns 6,353 shares in the company, valued at approximately $258,821.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Tricia D. Smith sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at approximately $258,821.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total transaction of $244,320.00. Following the sale, the chief financial officer now directly owns 908 shares in the company, valued at $36,973.76. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock worth $757,483 over the last three months. Corporate insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds have recently modified their holdings of URBN. Parallel Advisors LLC raised its position in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares during the last quarter. Spire Wealth Management boosted its position in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after buying an additional 1,110 shares during the period. Neo Ivy Capital Management bought a new stake in Urban Outfitters during the 3rd quarter worth approximately $81,000. DekaBank Deutsche Girozentrale acquired a new position in Urban Outfitters in the 3rd quarter valued at approximately $112,000. Finally, Headlands Technologies LLC bought a new position in shares of Urban Outfitters during the fourth quarter valued at $150,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.