Urban Outfitters (NASDAQ:URBN) Upgraded by BMO Capital Markets to “Hold” Rating

BMO Capital Markets upgraded shares of Urban Outfitters (NASDAQ:URBN) to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Urban Outfitters in a report on Thursday, August 27th. Weiss Ratings cut shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Barclays lifted their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $93.00 in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Urban Outfitters Stock Down 2.6%

Shares of NASDAQ URBN opened at $75.60 on Tuesday. The business has a 50-day moving average price of $75.43 and a 200 day moving average price of $71.44. The stock has a market cap of $6.47 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. Urban Outfitters has a 52-week low of $59.53 and a 52-week high of $85.43.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters will post 6.16 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 5,700 shares of Urban Outfitters stock in a transaction on Friday, September 4th. The shares were sold at an average price of $80.75, for a total value of $460,275.00. Following the transaction, the chief financial officer directly owned 11,323 shares in the company, valued at $914,332.25. This trade represents a 33.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 32.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently bought and sold shares of URBN. Maryland State Retirement & Pension System lifted its stake in shares of Urban Outfitters by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC grew its stake in Urban Outfitters by 10.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 188 shares in the last quarter. Lido Advisors LLC increased its holdings in Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after purchasing an additional 193 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Urban Outfitters by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,319 shares of the apparel retailer’s stock worth $927,000 after purchasing an additional 231 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Urban Outfitters by 87.0% in the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.