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

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

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley decreased their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group decreased their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Telsey Advisory Group cut shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $49.00 to $44.00 in a research note on Thursday, August 22nd. Wells Fargo & Company decreased their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Finally, Bank of America dropped their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $38.32 on Friday. Urban Outfitters has a one year low of $30.67 and a one year high of $48.90. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The company’s 50-day simple moving average is $39.40 and its two-hundred day simple moving average is $41.10.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. Urban Outfitters’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Equities analysts expect that Urban Outfitters will post 3.63 earnings per share 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 stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the sale, the director now directly owns 565,296 shares in the company, valued at $27,303,796.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the sale, the director now directly owns 565,296 shares in the company, valued at approximately $27,303,796.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds have recently modified their holdings of URBN. QRG Capital Management Inc. boosted its position in Urban Outfitters by 2.4% during the second quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock worth $383,000 after acquiring an additional 221 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Urban Outfitters by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after purchasing an additional 258 shares during the last quarter. Signaturefd LLC lifted its position in Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock worth $92,000 after buying an additional 299 shares in the last quarter. Arizona State Retirement System lifted its position in Urban Outfitters by 2.4% during the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after buying an additional 401 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Urban Outfitters by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after buying an additional 417 shares during the last quarter. 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.