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

Urban Outfitters (NASDAQ:URBN) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Other analysts also recently issued research reports about the company. Robert W. Baird upped their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Down 0.5 %

Shares of Urban Outfitters stock opened at $54.88 on Thursday. The stock has a market cap of $5.06 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $56.37. The business has a fifty day simple moving average of $45.31 and a 200-day simple moving average of $42.03.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. Analysts expect that Urban Outfitters will post 3.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its stake in shares of Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after acquiring an additional 258 shares during the period. Quarry LP lifted its holdings in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the period. Blue Trust Inc. boosted its stake in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. Arizona State Retirement System grew its holdings in Urban Outfitters by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after acquiring an additional 401 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Urban Outfitters by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.