Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $42.27.

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Morgan Stanley cut their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Citigroup lifted their price target on Urban Outfitters from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Bank of America cut their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Jefferies Financial Group dropped their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Several large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. lifted its stake in shares of Urban Outfitters by 2.4% in the second quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock worth $383,000 after acquiring an additional 221 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after buying an additional 258 shares in the last quarter. Quarry LP increased its stake in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares during the last quarter. Signaturefd LLC increased its stake in shares of Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock worth $92,000 after buying an additional 299 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Urban Outfitters by 138.8% in 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. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $38.98 on Monday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.92 and a beta of 1.50. The company’s 50-day simple moving average is $37.11 and its 200-day simple moving average is $40.07. Urban Outfitters has a fifty-two week low of $31.41 and a fifty-two week high of $48.90.

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.