Urban Outfitters (NASDAQ:URBN) Cut 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 published on Friday morning.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Bank of America lifted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.64.

Urban Outfitters Trading Down 0.2 %

Shares of Urban Outfitters stock opened at $56.96 on Friday. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $59.05. The company’s fifty day simple moving average is $47.86 and its 200-day simple moving average is $42.56. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the last quarter. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares during the last quarter. Quarry LP grew its holdings in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters in the 2nd quarter valued at about $42,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Urban Outfitters in the second quarter worth about $48,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.