Urban Outfitters (NASDAQ:URBN) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities research analysts have also commented on the company. BMO Capital Markets lowered their price objective on 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. Telsey Advisory Group lowered Urban Outfitters from an outperform rating to a market perform rating and lowered their price objective for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Barclays lowered their price objective on Urban Outfitters from $52.00 to $43.00 and set an overweight rating on the stock in a research report on Thursday, August 22nd. Jefferies Financial Group lowered their price objective on Urban Outfitters from $35.00 to $34.00 and set an underperform rating on the stock in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lowered their price objective on Urban Outfitters from $48.00 to $40.00 and set an equal weight 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $42.30.

Urban Outfitters Stock Down 0.0 %

URBN opened at $38.31 on Friday. Urban Outfitters has a 52-week low of $30.67 and a 52-week high of $48.90. The company has a market cap of $3.53 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The firm’s 50-day moving average price is $39.24 and its 200-day moving average price is $41.07.

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

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred 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 sale, 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. 31.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. Marshall Wace LLP boosted its stake in shares of Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after buying an additional 1,230,771 shares in the last quarter. Vanguard Group Inc. boosted its position in Urban Outfitters by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock worth $273,835,000 after purchasing an additional 674,790 shares in the last quarter. Woodson Capital Management LP purchased a new stake in Urban Outfitters during the first quarter worth $27,233,000. Goldman Sachs Group Inc. boosted its position in Urban Outfitters by 82.6% during 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, Norges Bank purchased a new stake in Urban Outfitters during the fourth quarter worth $16,314,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.