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

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

Several other equities analysts have also weighed in on URBN. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. UBS Group increased their price target 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. JPMorgan Chase & Co. boosted their target price on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley increased their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price objective on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.64.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $55.01 on Friday. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $59.05. The stock has a market cap of $5.08 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55. The firm has a 50 day moving average price of $50.10 and a two-hundred day moving average price of $43.07.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts predict that Urban Outfitters will post 3.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.80% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its stake in shares of Urban Outfitters by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock worth $399,000 after purchasing an additional 482 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Urban Outfitters by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 99,121 shares of the apparel retailer’s stock valued at $4,069,000 after acquiring an additional 3,327 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Urban Outfitters by 60.7% during the 2nd quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer’s stock valued at $971,000 after buying an additional 8,904 shares during the period. XTX Topco Ltd acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $224,000. Finally, ProShare Advisors LLC raised its stake in shares of Urban Outfitters by 52.4% in the 2nd quarter. ProShare Advisors LLC now owns 19,374 shares of the apparel retailer’s stock valued at $795,000 after acquiring an additional 6,662 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.