Urban Outfitters (NASDAQ:URBN) Raised to Buy at StockNews.com

Urban Outfitters (NASDAQ:URBN) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other research analysts have also recently issued reports on the stock. Barclays increased their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $59.00 in a report on Wednesday. Wells Fargo & Company lifted their price target on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday. Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.27.

Urban Outfitters Trading Up 2.6 %

Urban Outfitters stock opened at $48.73 on Thursday. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.08 and a beta of 1.50. The stock has a 50 day moving average of $37.64 and a two-hundred day moving average of $40.16. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $49.48.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. Equities analysts predict that Urban Outfitters will post 3.79 earnings per share for the current year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 31.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC raised its position in shares of Urban Outfitters by 96.6% in the first quarter. Lazard Asset Management LLC now owns 6,815 shares of the apparel retailer’s stock valued at $295,000 after buying an additional 3,348 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Urban Outfitters by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock valued at $1,442,000 after acquiring an additional 2,307 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Urban Outfitters by 5.8% during the 1st quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock worth $807,000 after purchasing an additional 1,016 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Urban Outfitters by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock worth $1,901,000 after purchasing an additional 34,350 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Urban Outfitters by 165.6% during the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after purchasing an additional 1,300 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

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.