Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $46.27.

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Barclays upped their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th. Finally, Jefferies Financial Group cut their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd.

Urban Outfitters Price Performance

NASDAQ URBN opened at $53.74 on Friday. The company’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $41.24. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $55.80. The firm has a market capitalization of $4.96 billion, a PE ratio of 15.40, a P/E/G ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $0.88 EPS. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after buying an additional 31,100 shares during the period. Marshall Wace LLP boosted its holdings in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after acquiring an additional 1,230,771 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after buying an additional 62,019 shares in the last quarter. American Century Companies Inc. grew its position in shares of Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after purchasing an additional 264,708 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares in the last quarter. 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.