Urban Outfitters (NASDAQ:URBN) Raised to Buy at StockNews.com

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

URBN has been the subject of a number of other research reports. Telsey Advisory Group increased their target price 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. Barclays increased their price objective on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company upped their target price on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.00.

Urban Outfitters Trading Up 1.6 %

Shares of NASDAQ:URBN opened at $58.19 on Friday. The company has a market capitalization of $5.37 billion, a PE ratio of 16.67, a P/E/G ratio of 1.02 and a beta of 1.54. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $60.90. The business’s fifty day simple moving average is $55.91 and its 200-day simple moving average is $45.54.

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

Insider Transactions at Urban Outfitters

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

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Quarry LP boosted its position in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the 3rd quarter worth approximately $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.