Urban Outfitters (NASDAQ:URBN) Stock Rating Lowered by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms also recently weighed in on URBN. 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 research report on Thursday, May 21st. Jefferies Financial Group upped their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a report on Wednesday. Bank of America raised their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Zacks Research raised Urban Outfitters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $93.00 in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.55.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $77.81 on Friday. The firm has a market cap of $6.66 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Urban Outfitters has a 1-year low of $59.53 and a 1-year high of $84.35. The business’s 50 day moving average is $73.72 and its 200-day moving average is $70.47.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. Analysts forecast that Urban Outfitters will post 6.13 EPS for the current year.

Insider Buying and Selling

In other news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’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 transaction of $369,743.12. Following the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the business. Eurizon Capital SGR S.p.A. purchased a new stake in Urban Outfitters in the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. grew its stake in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after buying an additional 326 shares during the last quarter. Salomon & Ludwin LLC increased its position in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Allworth Financial LP purchased a new position in Urban Outfitters during the second quarter valued at $31,000. Finally, Transamerica Financial Advisors LLC raised its stake in Urban Outfitters by 566.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 374 shares during 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.