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 note issued to investors on Friday.

Other analysts have also issued reports about the stock. Robert W. Baird increased their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $56.00 price target on shares of Urban Outfitters in a report on Wednesday, February 19th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $53.64.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN 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 stock has a fifty day moving average price of $55.84 and a two-hundred day moving average price of $45.10. The firm has a market cap of $4.87 billion, a P/E ratio of 15.13, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new position in shares of Urban Outfitters in the fourth quarter worth $216,000. Public Employees Retirement System of Ohio grew its stake in Urban Outfitters by 1,778.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock valued at $1,898,000 after purchasing an additional 32,747 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer’s stock worth $7,086,000 after purchasing an additional 19,551 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Urban Outfitters during the 4th quarter worth about $18,513,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Urban Outfitters by 50.3% during the 4th quarter. Two Sigma Investments LP now owns 21,302 shares of the apparel retailer’s stock valued at $1,169,000 after buying an additional 7,133 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.