Urban Outfitters (NASDAQ:URBN) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note released on Wednesday morning,Benzinga reports. They currently have a $72.00 target price on the apparel retailer’s stock.

URBN has been the subject of a number of other research reports. Barclays upped their price objective on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, May 20th. Morgan Stanley raised their price target on Urban Outfitters from $62.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Robert W. Baird upgraded Urban Outfitters from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $90.00 in a research report on Wednesday. JPMorgan Chase & Co. raised Urban Outfitters from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $63.00 to $78.00 in a research note on Thursday, May 22nd. Finally, BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the company a “market perform” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $74.09.

Urban Outfitters Price Performance

NASDAQ URBN opened at $69.23 on Wednesday. The company’s 50-day simple moving average is $58.14 and its 200 day simple moving average is $55.25. The stock has a market cap of $6.41 billion, a P/E ratio of 19.84, a PEG ratio of 1.02 and a beta of 1.45. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $75.80.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Research analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at approximately $7,259. This trade represents a 99.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 12,856 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. The disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock worth $11,636,158 over the last three months. Company insiders own 31.60% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its stake in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 463 shares during the period. Jones Financial Companies Lllp increased its holdings in 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 stake in Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 687 shares during the period. Virtus Advisers LLC bought a new position in shares of Urban Outfitters during the 1st quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Urban Outfitters during the 1st quarter worth approximately $52,000. Institutional investors 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.