Telsey Advisory Group Reiterates Market Perform Rating for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $56.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 2.34% from the stock’s current price.

A number of other equities analysts have also issued reports on URBN. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Barclays raised their target price on Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America raised their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird lifted their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.64.

Urban Outfitters Trading Down 2.0 %

URBN stock opened at $54.72 on Wednesday. The stock has a 50-day moving average price of $55.84 and a two-hundred day moving average price of $44.93. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $60.90. The company has a market cap of $5.05 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

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

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% during the third 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. Jones Financial Companies Lllp lifted its holdings in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $47,000. Finally, Quarry LP raised its position in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.