Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $53.64.

A number of brokerages recently issued reports on URBN. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. UBS Group upped 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. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th.

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. Jones Financial Companies Lllp increased its position in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters during the second quarter valued at approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in Urban Outfitters during the third quarter valued at $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 1.7 %

URBN stock opened at $56.60 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $60.90. The stock has a market cap of $5.22 billion, a P/E ratio of 16.22, a PEG ratio of 1.14 and a beta of 1.54. The company’s 50 day moving average is $54.92 and its two-hundred day moving average is $44.27.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. On average, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

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.