Urban Outfitters (NASDAQ:URBN) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report report published on Friday.

URBN has been the topic of several other research reports. UBS Group raised their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a neutral rating in a research note on Tuesday, May 28th. BMO Capital Markets dropped their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a market perform rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group reduced their price target on Urban Outfitters from $35.00 to $34.00 and set an underperform rating on the stock in a research report on Thursday, August 22nd. Bank of America dropped their price objective on Urban Outfitters from $52.00 to $46.00 and set a buy rating for the company in a report on Thursday, August 22nd. Finally, Barclays reduced their target price on Urban Outfitters from $52.00 to $43.00 and set an overweight rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $42.30.

Urban Outfitters Price Performance

URBN stock opened at $36.77 on Friday. The company has a 50 day moving average price of $40.45 and a 200 day moving average price of $41.29. Urban Outfitters has a fifty-two week low of $30.05 and a fifty-two week high of $48.90. The stock has a market capitalization of $3.43 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, equities analysts expect that Urban Outfitters will post 3.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares in the company, valued at $27,303,796.80. The disclosure for this sale can be found here. Corporate insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its holdings in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the period. Capital Impact Advisors LLC acquired a new position in shares of Urban Outfitters in the second quarter valued at about $685,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters during the second quarter worth approximately $42,000. Systematic Financial Management LP boosted its stake in shares of Urban Outfitters by 0.4% in the second quarter. Systematic Financial Management LP now owns 684,133 shares of the apparel retailer’s stock valued at $28,084,000 after buying an additional 2,674 shares during the period. Finally, Creative Planning boosted its stake in shares of Urban Outfitters by 3.7% in the second quarter. Creative Planning now owns 22,777 shares of the apparel retailer’s stock valued at $935,000 after buying an additional 808 shares during the period. 77.61% of the stock is currently owned by institutional investors.

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.