Urban Outfitters (NASDAQ:URBN) Raised to Buy at 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 Thursday morning.

A number of other brokerages have also issued reports on URBN. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. BMO Capital Markets dropped their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Finally, Morgan Stanley lifted their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Trading Up 2.6 %

NASDAQ:URBN opened at $48.73 on Thursday. The firm has a market capitalization of $4.50 billion, a PE ratio of 13.96, a PEG ratio of 1.10 and a beta of 1.50. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $49.48. The firm’s fifty day simple moving average is $37.88 and its 200 day simple moving average is $40.20.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.28. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm’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 earned $0.88 EPS. As a group, analysts anticipate that Urban Outfitters will post 3.79 EPS for the current fiscal year.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its position 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 acquiring an additional 354 shares in the last quarter. Quarry LP grew its position in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters in the second quarter worth about $42,000. Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters during the 3rd quarter valued at approximately $47,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $48,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.