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

StockNews.com cut shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other research firms have also recently commented on URBN. Morgan Stanley boosted their price target 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. Telsey Advisory Group raised their price target on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Barclays increased their price objective on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Up 0.2 %

Shares of URBN opened at $55.81 on Wednesday. The business’s 50-day moving average price is $44.17 and its 200-day moving average price is $41.79. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $56.37. The stock has a market cap of $5.15 billion, a PE ratio of 15.99, a P/E/G ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last announced 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. The firm had revenue of $1.36 billion during 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Analysts expect that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently modified their holdings of the company. Franklin Resources Inc. grew its position in shares of Urban Outfitters by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after buying an additional 2,527 shares during the last quarter. Geode Capital Management LLC raised 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 buying an additional 18,249 shares in the last quarter. XTX Topco Ltd boosted its position in Urban Outfitters by 367.0% during the 3rd quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock valued at $974,000 after acquiring an additional 19,982 shares in the last quarter. Zacks Investment Management grew its holdings in shares of Urban Outfitters by 10.4% during the 3rd quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock worth $1,671,000 after acquiring an additional 4,092 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at approximately $3,894,000. 77.61% of the stock is currently 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.