Urban Outfitters (NASDAQ:URBN) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a report released on Friday.

A number of other research firms have also recently commented on URBN. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Bank of America raised their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird upped their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $52.80 on Friday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.04 and a beta of 1.54. The business has a 50 day simple moving average of $55.84 and a 200-day simple moving average of $45.02. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $60.90.

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

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’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 transaction, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 31.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in URBN. State Street Corp raised its holdings in shares of Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares during the period. American Century Companies Inc. raised its stake in Urban Outfitters by 9.0% in the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after buying an additional 173,082 shares in the last quarter. Junto Capital Management LP lifted its holdings in Urban Outfitters by 0.9% during the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer’s stock worth $81,422,000 after buying an additional 13,820 shares during the period. Finally, Geode Capital Management LLC boosted its position in Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other 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.