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

Urban Outfitters (NASDAQ:URBN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also recently issued reports on the stock. Telsey Advisory Group cut shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and cut their target price for the company from $49.00 to $44.00 in a research note on Thursday, August 22nd. Barclays cut their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company decreased their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley cut their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Finally, BMO Capital Markets reduced their price target 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.30.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $38.32 on Friday. The business has a 50 day simple moving average of $39.40 and a 200 day simple moving average of $41.10. The company has a market capitalization of $3.58 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. Urban Outfitters has a one year low of $30.67 and a one year high of $48.90.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the stock. UniSuper Management Pty Ltd acquired a new position in Urban Outfitters during the first quarter worth approximately $537,000. Harbor Capital Advisors Inc. raised its stake in Urban Outfitters by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares during the period. Wesbanco Bank Inc. acquired a new stake in Urban Outfitters during the 2nd quarter valued at $582,000. Nisa Investment Advisors LLC boosted its position in Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after purchasing an additional 531 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Urban Outfitters by 100.7% in the first quarter. Los Angeles Capital Management LLC now owns 42,342 shares of the apparel retailer’s stock valued at $1,838,000 after purchasing an additional 21,248 shares during the last quarter. 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.