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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $56.00.

URBN has been the topic of several research analyst reports. Barclays boosted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their target price on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $54.23 on Wednesday. The business’s 50 day simple moving average is $55.99 and its two-hundred day simple moving average is $46.39. The stock has a market capitalization of $5.00 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. Urban Outfitters has a one year low of $33.86 and a one year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Sell-side analysts expect that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares of the company’s stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,300 shares of company stock valued at $4,394,602 over the last ninety days. Company insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP boosted its holdings in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Urban Outfitters in the third quarter worth $47,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after purchasing an additional 1,125 shares in the last quarter. 77.61% of the stock is owned by 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.