Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.67.

Several equities analysts have weighed in on URBN shares. Jefferies Financial Group cut Urban Outfitters from a “hold” rating to an “underperform” rating and cut their price target for the company from $42.00 to $32.00 in a report on Wednesday, April 17th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets increased their price target on Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. UBS Group lifted their price objective on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th.

Insider Activity at Urban Outfitters

In other news, insider Azeez Hayne sold 2,878 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Melanie Marein-Efron sold 3,345 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,473 shares of company stock valued at $757,483. Corporate insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares during the period. Spire Wealth Management boosted its holdings in shares of Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 1,110 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Urban Outfitters during the third quarter worth about $81,000. DekaBank Deutsche Girozentrale purchased a new position in Urban Outfitters during the third quarter worth about $112,000. Finally, Headlands Technologies LLC acquired a new stake in Urban Outfitters in the fourth quarter valued at about $150,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 0.4 %

Urban Outfitters stock opened at $40.85 on Thursday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.63 and a beta of 1.55. Urban Outfitters has a 12 month low of $26.45 and a 12 month high of $47.29. The stock has a fifty day simple moving average of $40.92 and a two-hundred day simple moving average of $38.77.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. On average, equities research analysts forecast that Urban Outfitters will post 3.51 EPS for the current fiscal year.

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.