Urban Outfitters (NASDAQ:URBN) Rating Lowered to Hold at StockNews.com

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

Several other equities research analysts also recently commented on URBN. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Bank of America lifted 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $56.00 target price on shares of Urban Outfitters in a report on Wednesday. UBS Group lifted their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.64.

Urban Outfitters Trading Down 3.5 %

Urban Outfitters stock opened at $52.80 on Friday. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90. The company has a fifty day simple moving average of $55.84 and a 200 day simple moving average of $45.06. The company has a market cap of $4.87 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. On average, equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the period. Jones Financial Companies Lllp raised its position in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters during the third quarter worth approximately $47,000. Finally, Quarry LP grew its position in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares in the last quarter. 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.