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 covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $53.64.

Several research firms have recently weighed in on URBN. Barclays lifted their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group raised their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 31.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 354 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Urban Outfitters in the 2nd quarter worth about $42,000. Finally, Quarry LP grew its position in Urban Outfitters by 32.3% during 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 period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Trading Down 0.6 %

NASDAQ:URBN opened at $56.01 on Friday. The stock’s 50-day moving average is $55.42 and its 200-day moving average is $44.62. The stock has a market cap of $5.17 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts forecast that Urban Outfitters will post 3.91 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.