Urban Outfitters (NASDAQ:URBN) Downgraded by StockNews.com to “Hold”

Urban Outfitters (NASDAQ:URBN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

URBN has been the subject of a number of other reports. Telsey Advisory Group boosted their price target on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Robert W. Baird boosted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Bank of America boosted their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley raised their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average target price of $47.18.

Urban Outfitters Trading Up 0.7 %

Shares of NASDAQ URBN opened at $57.10 on Friday. The company’s 50-day moving average price is $47.86 and its 200 day moving average price is $42.56. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $59.05. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that Urban Outfitters will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in Urban Outfitters by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock worth $399,000 after purchasing an additional 482 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Urban Outfitters by 7.7% in the second quarter. Natixis Advisors LLC now owns 15,425 shares of the apparel retailer’s stock worth $633,000 after acquiring an additional 1,106 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Urban Outfitters by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 180,474 shares of the apparel retailer’s stock valued at $7,408,000 after acquiring an additional 1,649 shares during the period. TD Asset Management Inc lifted its holdings in shares of Urban Outfitters by 123.7% during the 2nd quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer’s stock valued at $698,000 after acquiring an additional 9,400 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Urban Outfitters by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after purchasing an additional 401 shares during the period. 77.61% of the stock is currently 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.