Urban Outfitters (NASDAQ:URBN) Upgraded 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 report published on Saturday.

Several other equities analysts also recently commented on URBN. Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group lifted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley boosted their price objective 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.64.

Urban Outfitters Price Performance

URBN stock opened at $55.01 on Friday. Urban Outfitters has a one year low of $33.86 and a one year high of $59.05. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55. The company has a fifty day moving average price of $50.10 and a two-hundred day moving average price of $43.07.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $0.88 EPS. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts anticipate that Urban Outfitters will post 3.89 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Quarry LP grew its stake in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters during the second quarter worth $42,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters in the 3rd quarter valued at $47,000. Institutional investors own 77.61% of the company’s stock.

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.