Urban Outfitters (NASDAQ:URBN) Earns Market Perform Rating from Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $56.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective points to a potential downside of 2.44% from the stock’s previous close.

Other analysts have also issued reports about the stock. Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.64.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $57.40 on Wednesday. The company has a market capitalization of $5.30 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.04 and a beta of 1.54. The company has a 50 day simple moving average of $55.69 and a 200-day simple moving average of $44.79. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $60.90.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The company had revenue of $1.36 billion for 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 company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, research analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake 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 worth $25,000 after purchasing an additional 354 shares in the last quarter. Jones Financial Companies Lllp increased its position in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Urban Outfitters in the third quarter worth $47,000. Finally, Quarry LP lifted its position in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares in the last quarter. Institutional investors and hedge funds 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.