Urban Outfitters (NASDAQ:URBN) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research report released on Wednesday morning.

Other equities analysts have also recently issued reports about the company. Telsey Advisory Group boosted their target price on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Bank of America raised their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their price target 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. Barclays raised their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.27.

Urban Outfitters Stock Down 0.2 %

Shares of NASDAQ URBN opened at $54.55 on Wednesday. The firm’s fifty day moving average is $43.44 and its 200 day moving average is $41.60. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $55.99. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. Equities research analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. increased 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 purchasing an additional 354 shares in the last quarter. Quarry LP increased its position in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters in the 2nd quarter worth approximately $42,000. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters in the 3rd quarter worth $47,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters in the second quarter worth $48,000. Hedge funds and other 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.