Urban Outfitters (NASDAQ:URBN) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Urban Outfitters (NASDAQ:URBN) from an equal weight rating to an overweight rating in a research report report published on Tuesday, MarketBeat.com reports. They currently have $63.00 price target on the apparel retailer’s stock, up from their prior price target of $41.00.

URBN has been the topic of several other reports. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 14th. Barclays boosted their target price on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group raised their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Finally, Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $53.64.

Urban Outfitters Price Performance

URBN opened at $59.04 on Tuesday. The firm has a fifty day moving average price of $51.66 and a 200 day moving average price of $43.50. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $60.90. The stock has a market cap of $5.45 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.25 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 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.88 EPS. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in URBN. Hsbc Holdings PLC grew its holdings in shares of Urban Outfitters by 60.7% in the 2nd quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer’s stock worth $971,000 after acquiring an additional 8,904 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Urban Outfitters during the 2nd quarter valued at $224,000. ProShare Advisors LLC boosted its position in Urban Outfitters by 52.4% during the second quarter. ProShare Advisors LLC now owns 19,374 shares of the apparel retailer’s stock valued at $795,000 after purchasing an additional 6,662 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Urban Outfitters by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 124,801 shares of the apparel retailer’s stock valued at $5,123,000 after buying an additional 8,783 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Urban Outfitters by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.