Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by StockNews.com

Urban Outfitters (NASDAQ:URBN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms have also commented on URBN. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Bank of America raised their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.00.

Urban Outfitters Trading Up 1.6 %

Shares of URBN stock opened at $58.19 on Friday. The stock’s 50-day moving average price is $55.91 and its 200-day moving average price is $45.54. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $60.90. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, research analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 31.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Urban Outfitters by 1.1% in the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the period. Fisher Asset Management LLC grew its position in shares of Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after buying an additional 115,390 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock valued at $114,653,000 after buying an additional 173,082 shares during the period. Junto Capital Management LP increased its stake in shares of Urban Outfitters by 0.9% during the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer’s stock valued at $81,422,000 after buying an additional 13,820 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares during the period. 77.61% of the stock is 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.