Urban Outfitters (NASDAQ:URBN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report report published on Saturday morning.

URBN has been the topic of a number of other reports. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Bank of America lifted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday. Robert W. Baird lifted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, UBS Group lifted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Price Performance

NASDAQ URBN opened at $58.19 on Friday. The company’s 50 day simple moving average is $55.91 and its 200 day simple moving average is $45.57. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $60.90. The company has a market capitalization of $5.37 billion, a P/E ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping 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, analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity at Urban Outfitters

In related 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 transaction of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 31.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Blue Trust Inc. grew its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Farther Finance Advisors LLC grew its position in Urban Outfitters by 26.9% in the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 785 shares in the last quarter. James Investment Research Inc. grew its position in Urban Outfitters by 33.2% in the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock worth $403,000 after acquiring an additional 2,620 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Urban Outfitters in the third quarter worth approximately $223,000. Finally, Asset Management One Co. Ltd. bought a new stake in Urban Outfitters in the third quarter worth approximately $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.