Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Recommendation of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has earned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.18.

A number of research firms recently weighed in on URBN. Barclays upped their target price on shares of Urban Outfitters from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, June 18th. BMO Capital Markets upped their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Morgan Stanley upped their target price on shares of Urban Outfitters from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, May 23rd. Jefferies Financial Group increased their price target on shares of Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a report on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th.

Urban Outfitters Price Performance

Shares of URBN opened at $42.66 on Friday. The stock has a 50-day moving average of $41.59 and a 200-day moving average of $40.61. The company has a market cap of $3.98 billion, a PE ratio of 13.63, a P/E/G ratio of 1.09 and a beta of 1.49. Urban Outfitters has a one year low of $30.05 and a one year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. Analysts expect that Urban Outfitters will post 3.57 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction of $583,541.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of URBN. Parallel Advisors LLC increased its position in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Urban Outfitters by 1.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,863 shares of the apparel retailer’s stock worth $1,427,000 after purchasing an additional 603 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Urban Outfitters by 5.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,713 shares of the apparel retailer’s stock worth $418,000 after purchasing an additional 621 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Urban Outfitters by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 49,534 shares of the apparel retailer’s stock worth $2,151,000 after purchasing an additional 646 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Urban Outfitters by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 12,712 shares of the apparel retailer’s stock worth $552,000 after purchasing an additional 889 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.