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

Urban Outfitters, Inc. (NASDAQ:URBN) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $87.1818.

A number of research firms recently commented on URBN. Weiss Ratings raised shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Bank of America raised their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Barclays lowered their price target on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently bought and sold shares of URBN. Abrams Bison Investments LLC bought a new position in Urban Outfitters in the 4th quarter valued at about $127,114,000. Capital World Investors bought a new position in Urban Outfitters in the 3rd quarter valued at about $60,795,000. Balyasny Asset Management L.P. increased its holdings in Urban Outfitters by 5,360.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares during the period. Norges Bank bought a new position in Urban Outfitters in the 4th quarter valued at about $44,191,000. Finally, American Century Companies Inc. increased its holdings in Urban Outfitters by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after buying an additional 540,877 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $73.54 on Tuesday. Urban Outfitters has a 52 week low of $59.53 and a 52 week high of $84.35. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.39 and a beta of 1.22. The firm’s 50-day simple moving average is $72.44 and its 200 day simple moving average is $71.17.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $1.16 earnings per share. Urban Outfitters’s revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters will post 6.01 EPS for the current year.

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.