Urban Outfitters (NASDAQ:URBN) Stock Rating Lowered by StockNews.com

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

Several other equities analysts have also commented on URBN. Robert W. Baird raised their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Barclays lifted their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, 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 report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $49.64.

Urban Outfitters Trading Down 0.2 %

URBN stock opened at $56.96 on Friday. The firm’s 50-day moving average price is $48.29 and its two-hundred day moving average price is $42.63. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $59.05.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $0.88 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Urban Outfitters will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the period. Quarry LP grew its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters during the second quarter valued at $42,000. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. 77.61% of the stock is owned by hedge funds and other 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.