Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Recommendation of “Hold” from Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned 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 $42.30.

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Bank of America cut their target price on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Telsey Advisory Group lowered shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Wells Fargo & Company dropped their price target on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th.

Urban Outfitters Stock Up 3.9 %

NASDAQ:URBN opened at $37.26 on Friday. The company’s 50 day moving average is $38.52 and its 200-day moving average is $40.93. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.89 and a beta of 1.49. Urban Outfitters has a 12 month low of $30.67 and a 12 month high of $48.90.

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

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently made changes to their positions in URBN. Marshall Wace LLP increased its position in shares of Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Urban Outfitters by 9.6% during the 4th quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock valued at $273,835,000 after buying an additional 674,790 shares in the last quarter. Woodson Capital Management LP purchased a new stake in Urban Outfitters in the first quarter worth approximately $27,233,000. Goldman Sachs Group Inc. lifted its holdings in shares of Urban Outfitters by 82.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after acquiring an additional 470,323 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Outfitters

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.