Urban Outfitters (NASDAQ:URBN) Raised to Buy at StockNews.com

Urban Outfitters (NASDAQ:URBN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other analysts have also recently issued reports about the company. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. BMO Capital Markets dropped their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. Bank of America raised their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays lifted their price target on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird increased their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Trading Down 1.3 %

URBN opened at $49.98 on Friday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.07 and a beta of 1.60. The stock has a fifty day simple moving average of $38.96 and a two-hundred day simple moving average of $40.48. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $52.68.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $0.88 EPS. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Urban Outfitters will post 3.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the last quarter. Quarry LP increased its position in Urban Outfitters by 1,825.0% during the second 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 last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Urban Outfitters in the second quarter valued at about $42,000. Asset Management One Co. Ltd. purchased a new position in Urban Outfitters in the third quarter worth about $47,000. Finally, Meeder Asset Management Inc. purchased a new position in Urban Outfitters in the second quarter worth about $48,000. Institutional investors own 77.61% of the company’s stock.

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.