Urban Outfitters’ (URBN) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research report released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $56.00 target price on the apparel retailer’s stock.

Several other research analysts have also weighed in on URBN. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Wells Fargo & Company raised their target price on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Bank of America raised their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.64.

Urban Outfitters Trading Down 3.5 %

URBN opened at $52.80 on Wednesday. The stock has a market capitalization of $4.87 billion, a PE ratio of 15.13, a PEG ratio of 1.04 and a beta of 1.54. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90. The firm has a 50-day moving average price of $55.84 and a two-hundred day moving average price of $45.02.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. 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 earned $0.88 EPS. On average, research analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Urban Outfitters by 138.8% during the third 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. Signaturefd LLC boosted its position in Urban Outfitters by 32.5% during the third quarter. Signaturefd LLC now owns 2,954 shares of the apparel retailer’s stock worth $113,000 after purchasing an additional 724 shares during the period. Assenagon Asset Management S.A. boosted its position in Urban Outfitters by 80.9% during the third quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock worth $5,339,000 after purchasing an additional 62,343 shares during the period. Farther Finance Advisors LLC boosted its position in Urban Outfitters by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 785 shares during the period. Finally, James Investment Research Inc. boosted its position in shares of Urban Outfitters by 33.2% in the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock valued at $403,000 after acquiring an additional 2,620 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.