Urban Outfitters (NASDAQ:URBN) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a report issued on Sunday morning.

URBN has been the topic of a number of other reports. UBS Group raised their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Telsey Advisory Group raised shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $85.00 to $98.00 in a report on Wednesday. Citigroup raised their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Morgan Stanley upped their target price on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Guggenheim assumed coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $81.33 on Friday. The company has a market capitalization of $7.29 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $83.94. The business’s fifty day moving average is $69.87 and its 200 day moving average is $71.56.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The business had revenue of $1.53 billion for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. On average, sell-side analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $82.53, for a total transaction of $880,347.51. Following the transaction, the chief executive officer directly owned 17,857,267 shares of the company’s stock, valued at approximately $1,473,760,245.51. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $82.53, for a total value of $770,252.49. Following the completion of the transaction, the insider owned 2,290,727 shares in the company, valued at approximately $189,053,699.31. This represents a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 232,733 shares of company stock valued at $17,863,752. Company insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently made changes to their positions in URBN. IFP Advisors Inc bought a new position in shares of Urban Outfitters in the third quarter worth approximately $430,000. Cambria Investment Management L.P. boosted its position in Urban Outfitters by 15.3% during the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock valued at $1,121,000 after buying an additional 2,088 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Urban Outfitters in the 3rd quarter worth $466,000. Danske Bank A S purchased a new position in shares of Urban Outfitters in the third quarter valued at about $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Urban Outfitters by 11.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer’s stock valued at $6,036,000 after acquiring an additional 9,000 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.