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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.27.

A number of brokerages have recently commented on URBN. Bank of America boosted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets dropped their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group cut their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. QRG Capital Management Inc. grew its position in Urban Outfitters by 2.4% during the 2nd quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock worth $383,000 after purchasing an additional 221 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after buying an additional 258 shares during the last quarter. Quarry LP increased its position in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the period. Signaturefd LLC raised its stake in Urban Outfitters by 15.5% during the 2nd quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after acquiring an additional 299 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Stock Up 2.6 %

Urban Outfitters stock opened at $48.73 on Monday. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $49.48. The firm has a market cap of $4.50 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. The company’s 50 day moving average is $37.88 and its two-hundred day moving average is $40.20.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.28. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Urban Outfitters will post 3.79 earnings per share for the current fiscal 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.