Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Moderate Buy” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given an average rating of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $87.1818.

Several brokerages have weighed in on URBN. Barclays lowered their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Bank of America boosted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $72.91 on Friday. Urban Outfitters has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The stock has a 50 day moving average price of $69.58 and a two-hundred day moving average price of $70.77. The company has a market capitalization of $6.24 billion, a P/E ratio of 13.99, a PEG ratio of 1.38 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters will post 5.97 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their position. The SEC filing for this sale provides additional information. 32.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. raised its holdings in shares of Urban Outfitters by 31.3% during the first quarter. Edgestream Partners L.P. now owns 56,134 shares of the apparel retailer’s stock valued at $3,556,000 after acquiring an additional 13,383 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Urban Outfitters during the first quarter valued at approximately $570,000. South Dakota Investment Council bought a new position in shares of Urban Outfitters during the first quarter valued at approximately $298,000. Amundi bought a new position in shares of Urban Outfitters during the first quarter valued at approximately $212,000. Finally, California State Teachers Retirement System raised its holdings in shares of Urban Outfitters by 24.1% during the first quarter. California State Teachers Retirement System now owns 68,812 shares of the apparel retailer’s stock valued at $4,359,000 after acquiring an additional 13,359 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.