Urban Outfitters, Inc. (NASDAQ:URBN) Receives Consensus Recommendation of “Hold” from Brokerages

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One 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.

Several research analysts recently issued reports on URBN shares. Barclays increased their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. UBS Group increased their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $59.00 in a research note 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 note on Wednesday, November 27th. Finally, Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 510,296 shares of the company’s stock, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,300 shares of company stock valued at $4,394,602 over the last three months. 31.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of URBN. Farther Finance Advisors LLC lifted its holdings in Urban Outfitters by 26.9% in the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 785 shares during the period. Asset Management One Co. Ltd. acquired a new position in Urban Outfitters in the third quarter valued at approximately $47,000. Olympiad Research LP lifted its holdings in Urban Outfitters by 43.7% in the third quarter. Olympiad Research LP now owns 7,561 shares of the apparel retailer’s stock valued at $290,000 after buying an additional 2,301 shares during the period. Easterly Investment Partners LLC lifted its holdings in Urban Outfitters by 2.2% in the third quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock valued at $9,925,000 after buying an additional 5,635 shares during the period. Finally, Versor Investments LP lifted its holdings in Urban Outfitters by 13.4% in the third quarter. Versor Investments LP now owns 8,502 shares of the apparel retailer’s stock valued at $326,000 after buying an additional 1,002 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Shares of URBN opened at $53.56 on Wednesday. The company has a market capitalization of $4.94 billion, a PE ratio of 15.35, 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. The company’s fifty day moving average price is $56.02 and its 200 day moving average price is $46.16.

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

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.