Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Hold” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $56.00.

A number of research firms recently commented on URBN. Barclays upped their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Robert W. Baird raised their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. This trade represents a 44.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,976 shares of company stock worth $5,573,263. 31.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the period. Steward Partners Investment Advisory LLC increased its position in Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after buying an additional 250 shares during the last quarter. Natixis Advisors LLC raised its stake in Urban Outfitters by 1.7% in the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock valued at $847,000 after buying an additional 252 shares during the period. Finally, Quarry LP lifted its position in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Trading Down 0.7 %

Shares of URBN opened at $51.48 on Friday. The stock has a market cap of $4.75 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The stock’s 50-day moving average price is $54.59 and its two-hundred day moving average price is $47.64. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. As a group, equities analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

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.