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

Urban Outfitters (NASDAQ:URBN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

URBN has been the topic of a number of other research reports. Robert W. Baird upped their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Price Performance

Urban Outfitters stock traded down $0.10 during midday trading on Wednesday, reaching $54.55. The stock had a trading volume of 577,280 shares, compared to its average volume of 1,732,333. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $55.99. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.10 and a beta of 1.60. The firm’s fifty day simple moving average is $43.44 and its two-hundred day simple moving average is $41.60.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in URBN. State Street Corp increased its stake in Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after acquiring an additional 31,100 shares during the period. Marshall Wace LLP increased its position in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after purchasing an additional 1,230,771 shares during the period. Fisher Asset Management LLC raised its stake in shares of Urban Outfitters by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock valued at $79,433,000 after purchasing an additional 62,019 shares in the last quarter. American Century Companies Inc. lifted its position in Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after purchasing an additional 264,708 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after buying an additional 18,249 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

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.