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

Urban Outfitters (NASDAQ:URBN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts have also recently weighed in on URBN. UBS Group upped their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. BMO Capital Markets cut their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd. Barclays lowered their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Wells Fargo & Company dropped their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Finally, Bank of America reduced their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Stock Performance

Shares of URBN traded down $0.75 on Friday, reaching $36.77. The stock had a trading volume of 2,297,309 shares, compared to its average volume of 1,757,630. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $48.90. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. The company has a 50-day simple moving average of $40.45 and a 200-day simple moving average of $41.29.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. On average, analysts expect that Urban Outfitters will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the sale, the director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. Company insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 417 shares during the last quarter. Quarry LP lifted its position in Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the second quarter valued at $42,000. Meeder Asset Management Inc. bought a new stake in Urban Outfitters during the second quarter valued at about $48,000. Finally, Innealta Capital LLC bought a new position in shares of Urban Outfitters in the second quarter worth about $70,000. 77.61% of the stock is currently owned by institutional investors.

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.