Urban Outfitters (NASDAQ:URBN) Upgraded 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 to clients and investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird increased their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. UBS Group lifted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Morgan Stanley upped their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Barclays raised their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.64.

Urban Outfitters Stock Up 3.4 %

URBN stock opened at $55.01 on Friday. The company has a market capitalization of $5.08 billion, a PE ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55. The stock’s 50 day moving average is $50.10 and its two-hundred day moving average is $43.07. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $59.05.

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 analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Urban Outfitters will post 3.89 EPS for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at $29,245,063.76. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds have recently made changes to their positions in URBN. Marshall Wace LLP grew its holdings in Urban Outfitters by 116.3% in the 2nd 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. Cerity Partners LLC bought a new position in shares of Urban Outfitters in the third quarter worth $8,340,000. Empowered Funds LLC acquired a new position in shares of Urban Outfitters during the third quarter valued at $7,789,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Urban Outfitters during the second quarter valued at $7,238,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Urban Outfitters during the second quarter valued at about $4,710,000. Institutional investors 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.