Urban Outfitters (NASDAQ:URBN) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Urban Outfitters (NASDAQ:URBN) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

Several other research analysts have also recently weighed in on URBN. Bank of America upped their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Citigroup increased their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Morgan Stanley upped their price objective on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.36.

Urban Outfitters Price Performance

NASDAQ URBN opened at $77.56 on Thursday. The firm has a market cap of $6.96 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.04 and a beta of 1.28. The stock’s 50-day moving average is $67.50 and its 200-day moving average is $70.18. Urban Outfitters has a one year low of $41.89 and a one year high of $80.71.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $1.10 EPS. Urban Outfitters’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts anticipate that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the transaction, the chief executive officer directly owned 18,027,939 shares of the company’s stock, valued at approximately $1,270,248,581.94. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Egan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director owned 14,250 shares of the company’s stock, valued at approximately $999,210. This represents a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 44,400 shares of company stock worth $3,118,738 in the last three months. Insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Urban Outfitters in the third quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in Urban Outfitters in the second quarter valued at $26,000. Global Retirement Partners LLC grew its position in shares of Urban Outfitters by 158.4% in the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 282 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the period. 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.