Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $74.09.

URBN has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Urban Outfitters from an “underperform” rating to a “hold” rating and raised their price target for the company from $50.00 to $70.00 in a research note on Friday, June 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $72.00 price target on shares of Urban Outfitters in a research note on Wednesday. UBS Group boosted their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. BMO Capital Markets set a $76.00 target price on shares of Urban Outfitters and gave the company a “market perform” rating in a research report on Thursday, May 22nd. Finally, Glj Research reissued a “sell” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd.

Urban Outfitters Stock Down 0.1%

Shares of NASDAQ:URBN opened at $69.17 on Friday. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The firm’s 50 day moving average price is $58.60 and its 200 day moving average price is $55.45. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. On average, equities analysts anticipate that Urban Outfitters will post 3.91 EPS for the current year.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 12,856 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of the sale, the chief executive officer now directly owns 13,477 shares of the company’s stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock worth $11,636,158 in the last ninety days. Insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Urban Outfitters by 1,016.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after acquiring an additional 119,820 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock valued at $1,898,000 after purchasing an additional 32,747 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer’s stock valued at $38,754,000 after purchasing an additional 51,657 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after buying an additional 60,697 shares during the period. Finally, Amundi increased its holdings in shares of Urban Outfitters by 850.3% during the 4th quarter. Amundi now owns 34,191 shares of the apparel retailer’s stock worth $1,952,000 after buying an additional 30,593 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.