Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

URBN has been the subject of a number of other research reports. Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an equal weight rating for the company in a report on Thursday, August 22nd. Telsey Advisory Group cut shares of Urban Outfitters from an outperform rating to a market perform rating and cut their price objective for the stock from $49.00 to $44.00 in a report on Thursday, August 22nd. Morgan Stanley decreased their target price on Urban Outfitters from $40.00 to $38.00 and set an equal weight rating for the company in a research report on Thursday, August 22nd. UBS Group upped their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Finally, BMO Capital Markets lowered their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a market perform rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $42.30.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $37.28 on Friday. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.89 and a beta of 1.50. The company’s 50-day moving average is $40.08 and its two-hundred day moving average is $41.19. Urban Outfitters has a 1-year low of $30.05 and a 1-year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. As a group, equities analysts anticipate that Urban Outfitters will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares in the company, valued at $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Vanguard Group Inc. increased its position in Urban Outfitters by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after purchasing an additional 382,135 shares in the last quarter. Marshall Wace LLP boosted its stake in Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after acquiring an additional 1,230,771 shares during the last quarter. American Century Companies Inc. grew its holdings in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after purchasing an additional 470,323 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Urban Outfitters by 0.4% during the 2nd quarter. Systematic Financial Management LP now owns 684,133 shares of the apparel retailer’s stock worth $28,084,000 after buying an additional 2,674 shares during the last quarter. Hedge funds and other institutional investors 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.