Urban Outfitters (NASDAQ:URBN) Upgraded 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 Saturday morning.

Several other equities research analysts have also issued reports on the company. Telsey Advisory Group lifted their price objective on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 14th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group lifted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Morgan Stanley increased their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.64.

Urban Outfitters Stock Up 3.4 %

Shares of URBN opened at $55.01 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $59.05. The stock has a market cap of $5.08 billion, a PE ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55. The business’s 50-day moving average price is $50.43 and its 200-day moving average price is $43.15.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. Urban Outfitters’s revenue was up 6.3% on a year-over-year basis. Analysts expect that Urban Outfitters will post 3.89 earnings per share for the current fiscal year.

Insider Activity

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 directly 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of URBN. GAMMA Investing LLC grew its position in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Urban Outfitters by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after acquiring an additional 258 shares in the last quarter. Quarry LP increased its position in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the period. Blue Trust Inc. raised its holdings in Urban Outfitters by 138.8% in 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. Finally, Commonwealth Equity Services LLC lifted its position in shares of Urban Outfitters by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock worth $399,000 after purchasing an additional 482 shares during the period. Hedge funds and other 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.