Urban Outfitters’ (URBN) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note released on Friday,Benzinga reports. Telsey Advisory Group currently has a $59.00 price objective on the apparel retailer’s stock.

Several other analysts have also weighed in on URBN. Robert W. Baird lifted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price target on shares of Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, Citigroup dropped their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $52.82.

Urban Outfitters Trading Up 1.7%

Urban Outfitters stock opened at $62.81 on Friday. The company has a market capitalization of $5.82 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.02 and a beta of 1.33. The firm’s fifty day simple moving average is $51.27 and its 200-day simple moving average is $51.45. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $63.21.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share 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 business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock worth $1,663,713 over the last quarter. 31.60% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently made changes to their positions in URBN. Whipplewood Advisors LLC lifted its position in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 463 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 687 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Urban Outfitters in the first quarter worth $46,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Urban Outfitters in the first quarter worth $52,000. Institutional investors own 77.61% of the company’s stock.

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.