Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Rating of “Hold” from Brokerages

Urban Outfitters, Inc. (NASDAQ:URBN) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $49.64.

Several brokerages have recently issued reports on URBN. Bank of America boosted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley raised their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Robert W. Baird lifted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th.

Urban Outfitters Stock Down 2.0 %

Shares of NASDAQ URBN opened at $55.82 on Tuesday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $59.05. The business’s 50 day moving average price is $48.68 and its 200 day moving average price is $42.72. The firm has a market cap of $5.15 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.10 and a beta of 1.55.

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

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Friedenthal Financial acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at about $765,000. Harbor Capital Advisors Inc. grew its stake in Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after acquiring an additional 35,615 shares in the last quarter. Diversified Trust Co raised its holdings in Urban Outfitters by 10.6% in the 4th quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock valued at $1,030,000 after acquiring an additional 1,801 shares during the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Urban Outfitters by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after purchasing an additional 2,527 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.