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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average rating of “Hold” by the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $42.30.

URBN has been the topic of a number of research reports. Bank of America lowered their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Barclays decreased their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Morgan Stanley reduced their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd.

Urban Outfitters Trading Up 1.1 %

Shares of NASDAQ URBN opened at $36.08 on Thursday. The stock has a market cap of $3.33 billion, a P/E ratio of 11.03, a P/E/G ratio of 0.86 and a beta of 1.50. Urban Outfitters has a twelve month low of $31.37 and a twelve month high of $48.90. The stock has a 50 day moving average of $36.58 and a two-hundred day moving average of $40.23.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, research analysts predict that Urban Outfitters will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently modified their holdings of the company. UniSuper Management Pty Ltd purchased a new stake in Urban Outfitters during the first quarter worth $537,000. Harbor Capital Advisors Inc. grew its stake in Urban Outfitters by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Urban Outfitters during the 2nd quarter valued at about $582,000. Nisa Investment Advisors LLC raised its position in Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after acquiring an additional 531 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Urban Outfitters in the first quarter valued at about $680,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.