StockNews.com Upgrades Urban Outfitters (NASDAQ:URBN) to Buy

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

URBN has been the topic of a number of other reports. Morgan Stanley increased their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group dropped their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Robert W. Baird boosted their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price objective for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, Barclays boosted their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $46.27.

Urban Outfitters Stock Down 1.3 %

Shares of NASDAQ URBN opened at $49.98 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $52.68. The firm has a market cap of $4.61 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.06 and a beta of 1.60. The business has a fifty day simple moving average of $39.19 and a two-hundred day simple moving average of $40.54.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. On average, research analysts expect that Urban Outfitters will post 3.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of Urban Outfitters by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after acquiring an additional 2,527 shares during the period. Geode Capital Management LLC grew its stake in Urban Outfitters by 1.2% during 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 purchasing an additional 18,249 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Urban Outfitters by 367.0% in the third quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock valued at $974,000 after purchasing an additional 19,982 shares during the period. Zacks Investment Management raised its stake in shares of Urban Outfitters by 10.4% in the third quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock worth $1,671,000 after purchasing an additional 4,092 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Urban Outfitters during the third quarter worth about $3,894,000. 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.