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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.50.

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. UBS Group boosted their price objective on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Telsey Advisory Group restated an “outperform” rating and issued a $49.00 target price on shares of Urban Outfitters in a report on Wednesday, August 14th. Barclays lifted their price target on Urban Outfitters from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, June 18th. Finally, Morgan Stanley upped their price objective on shares of Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total value of $583,541.26. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction of $583,541.26. The disclosure for this sale can be found here. Company insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in URBN. Parallel Advisors LLC lifted its position in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares during the last quarter. Quarry LP raised its stake in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares in the last quarter. Spire Wealth Management lifted its holdings in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after buying an additional 1,110 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters during the 2nd quarter worth about $42,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at about $48,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Trading Up 3.1 %

Shares of URBN opened at $41.48 on Friday. The firm has a market cap of $3.87 billion, a P/E ratio of 13.25, a PEG ratio of 1.00 and a beta of 1.51. The stock’s 50 day moving average is $43.59 and its two-hundred day moving average is $42.19. Urban Outfitters has a 12 month low of $30.05 and a 12 month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.56 EPS. Urban Outfitters’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Urban Outfitters will post 3.57 EPS for the current year.

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.