Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Hold” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $53.64.

Several equities analysts have weighed in on URBN shares. UBS Group raised their target price on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price objective on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 14th.

Insider Activity at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters during the 2nd quarter worth about $42,000. GAMMA Investing LLC boosted its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in Urban Outfitters in the third quarter valued at about $47,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $55.98 on Friday. The business has a 50 day simple moving average of $55.18 and a 200 day simple moving average of $44.47. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.07 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

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.