Urban Outfitters (NASDAQ:URBN) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Urban Outfitters (NASDAQ:URBNFree Report) from a buy rating to a hold rating in a research report released on Thursday.

Several other equities research analysts have also issued reports on URBN. Telsey Advisory Group lifted their price target on Urban Outfitters from $48.00 to $49.00 and gave the stock an outperform rating in a research note on Wednesday, May 22nd. Jefferies Financial Group lifted their price objective on Urban Outfitters from $32.00 to $35.00 and gave the stock an underperform rating in a report on Wednesday, May 22nd. Robert W. Baird lifted their price objective on Urban Outfitters from $48.00 to $50.00 and gave the stock a neutral rating in a report on Wednesday, May 22nd. BMO Capital Markets lifted their price objective on Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a report on Thursday, February 29th. Finally, UBS Group lifted their price objective on Urban Outfitters from $43.00 to $45.00 and gave the stock a neutral rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $43.00.

Get Our Latest Stock Analysis on Urban Outfitters

Urban Outfitters Stock Up 0.9 %

Shares of URBN stock opened at $41.59 on Thursday. The business has a 50-day moving average price of $40.55 and a two-hundred day moving average price of $39.48. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $47.29. The firm has a market cap of $3.88 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.91 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBNGet Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that Urban Outfitters will post 3.56 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total value of $583,541.26. The disclosure for this sale can be found here. Insiders have sold a total of 32,440 shares of company stock worth $1,341,024 in the last 90 days. Company insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently made changes to their positions in the stock. Woodson Capital Management LP bought a new stake in shares of Urban Outfitters in the 1st quarter worth approximately $27,233,000. Tidal Investments LLC raised its stake in Urban Outfitters by 5.8% during the 1st quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock valued at $807,000 after buying an additional 1,016 shares during the last quarter. Interval Partners LP purchased a new stake in Urban Outfitters during the 1st quarter valued at $2,992,000. Caxton Associates LP purchased a new stake in Urban Outfitters during the 1st quarter valued at $680,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Urban Outfitters by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock valued at $1,442,000 after buying an additional 2,307 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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