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

StockNews.com downgraded shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other brokerages have also recently weighed in on URBN. Robert W. Baird lifted their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Bank of America increased their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped 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 report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $49.64.

Urban Outfitters Stock Down 0.2 %

URBN stock opened at $56.96 on Friday. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $59.05. The stock’s fifty day simple moving average is $48.29 and its 200-day simple moving average is $42.63.

Urban Outfitters (NASDAQ:URBN) last posted 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares during the last quarter. Quarry LP raised its stake in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $42,000. GAMMA Investing LLC grew its stake in Urban Outfitters by 36.3% in the fourth 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, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters in the third quarter worth about $47,000. 77.61% of the stock is 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.