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

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $44.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 17.77% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Jefferies Financial Group cut their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Barclays cut their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Bank of America lowered their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, BMO Capital Markets lowered their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average price target of $42.27.

Urban Outfitters Trading Up 1.2 %

URBN opened at $37.36 on Wednesday. The company has a 50 day moving average of $37.05 and a 200 day moving average of $40.09. The company has a market cap of $3.45 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. Urban Outfitters has a 12 month low of $31.37 and a 12 month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Research analysts forecast that Urban Outfitters will post 3.66 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the period. Quarry LP lifted its holdings in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Urban Outfitters in the second quarter valued at $42,000. Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters in the second quarter valued at $48,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters in the third quarter valued at $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.