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

Urban Outfitters (NASDAQ:URBN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other research analysts have also recently commented on URBN. UBS Group raised their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Citigroup dropped their price objective on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Telsey Advisory Group increased their target price on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Barclays boosted their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $55.55.

Urban Outfitters Price Performance

URBN opened at $46.75 on Friday. The business has a fifty day simple moving average of $52.67 and a 200 day simple moving average of $48.54. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $61.16. The company has a market capitalization of $4.33 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

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

Insider Buying and Selling

In other 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 value of $757,500.00. Following the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. This represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,976 shares of company stock valued at $2,421,213 in the last three months. Insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in shares of Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after acquiring an additional 31,100 shares during the period. Geode Capital Management LLC raised its holdings in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares during the period. Franklin Resources Inc. grew its stake 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 valued at $1,315,000 after buying an additional 2,527 shares during the period. GAMMA Investing LLC increased its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Finally, Diversified Trust Co increased its position in Urban Outfitters by 10.6% in the 4th quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock valued at $1,030,000 after buying an additional 1,801 shares in the last quarter. 77.61% of the stock is currently owned by 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.