Urban Outfitters (NASDAQ:URBN) Upgraded at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report released on Saturday.

A number of other research analysts have also recently issued reports on URBN. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Telsey Advisory Group raised their price target on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Citigroup raised 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. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has an average rating of “Hold” and an average price target of $56.00.

Urban Outfitters Price Performance

URBN opened at $58.86 on Friday. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $61.16. The stock has a market capitalization of $5.43 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.02 and a beta of 1.54. The business has a 50 day simple moving average of $55.99 and a 200-day simple moving average of $45.75.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Research analysts anticipate that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the period. Jones Financial Companies Lllp boosted its stake in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. Finally, Quarry LP lifted its holdings in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.