Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Hold” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average rating of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $53.64.

A number of analysts have recently commented on the stock. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Bank of America lifted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, UBS Group lifted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 31.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters during the second quarter worth $42,000. GAMMA Investing LLC raised its stake in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters during the 3rd quarter worth $47,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $56.60 on Friday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90. The business has a fifty day moving average price of $54.92 and a 200 day moving average price of $44.27.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, equities research analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

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.