Jefferies Financial Group Upgrades Urban Outfitters (NASDAQ:URBN) to “Hold”

Jefferies Financial Group upgraded shares of Urban Outfitters (NASDAQ:URBN) from an underperform rating to a hold rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have $70.00 price objective on the apparel retailer’s stock, up from their previous price objective of $50.00.

A number of other research analysts have also weighed in on the company. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Glj Research reiterated a “sell” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of Urban Outfitters from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $63.00 to $78.00 in a research note on Thursday, May 22nd. Wells Fargo & Company restated an “equal weight” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Finally, Morgan Stanley increased their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.55.

Urban Outfitters Trading Up 0.4%

Shares of Urban Outfitters stock opened at $70.02 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $75.80. The firm has a market capitalization of $6.49 billion, a PE ratio of 20.06, a P/E/G ratio of 1.02 and a beta of 1.45. The firm’s 50-day moving average price is $56.92 and its 200 day moving average price is $54.84.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, sell-side analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the sale, the chief financial officer now owns 5,036 shares in the company, valued at $369,440.96. The trade was a 79.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director now directly owns 4,750 shares in the company, valued at approximately $356,725. This trade represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 166,332 shares of company stock valued at $11,958,079. 31.60% of the stock is owned by company insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. lifted its position in Urban Outfitters by 183,272.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer’s stock valued at $60,079,000 after buying an additional 1,094,134 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Urban Outfitters by 5,565.6% in the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after acquiring an additional 859,886 shares during the period. Nuveen LLC purchased a new stake in shares of Urban Outfitters in the 1st quarter valued at approximately $43,769,000. Wedge Capital Management L L P NC acquired a new position in shares of Urban Outfitters in the 1st quarter worth approximately $40,544,000. Finally, Norges Bank acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $31,605,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.