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

Urban Outfitters, Inc. (NASDAQ:URBN) has earned an average recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $56.00.

A number of research analysts have issued reports on the company. UBS Group lifted their target price on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Telsey Advisory Group lifted their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently added to or reduced their stakes in URBN. Mackenzie Financial Corp bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $216,000. Public Employees Retirement System of Ohio increased its holdings in shares of Urban Outfitters by 1,778.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock valued at $1,898,000 after acquiring an additional 32,747 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Urban Outfitters by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer’s stock valued at $7,086,000 after acquiring an additional 19,551 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $18,513,000. Finally, Two Sigma Investments LP increased its holdings in shares of Urban Outfitters by 50.3% during the fourth quarter. Two Sigma Investments LP now owns 21,302 shares of the apparel retailer’s stock valued at $1,169,000 after acquiring an additional 7,133 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $56.77 on Wednesday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $61.16. The stock has a market capitalization of $5.24 billion, a P/E ratio of 16.27, a PEG ratio of 1.02 and a beta of 1.54. The stock’s fifty day moving average is $56.04 and its 200 day moving average is $45.86.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Equities research analysts forecast 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.