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

Urban Outfitters, Inc. (NASDAQ:URBN) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.27.

Several research firms have recently weighed in on URBN. Telsey Advisory Group reissued a “market perform” rating and issued a $44.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 20th. Bank of America lowered their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Jefferies Financial Group cut their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley lowered their price objective on shares of 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. Finally, BMO Capital Markets cut their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which is available at the SEC website. 31.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently modified their holdings of URBN. Marshall Wace LLP lifted its holdings 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 buying an additional 1,230,771 shares in the last quarter. Woodson Capital Management LP bought a new stake in shares of Urban Outfitters in the first quarter worth about $27,233,000. Vanguard Group Inc. lifted its position in shares of Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after buying an additional 382,135 shares in the last quarter. American Century Companies Inc. boosted its stake in Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after buying an additional 264,708 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Urban Outfitters during the 3rd quarter valued at approximately $8,340,000. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Up 4.3 %

Shares of Urban Outfitters stock opened at $38.98 on Monday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.92 and a beta of 1.50. Urban Outfitters has a twelve month low of $31.41 and a twelve month high of $48.90. The company’s fifty day moving average is $37.11 and its 200 day moving average is $40.07.

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.