Urban Outfitters (NASDAQ:URBN) PT Lowered to $43.00

Urban Outfitters (NASDAQ:URBN) had its price objective trimmed by Barclays from $52.00 to $43.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the apparel retailer’s stock.

URBN has been the subject of a number of other research reports. Bank of America cut their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a buy rating for the company in a research report on Thursday. Jefferies Financial Group increased their price objective on Urban Outfitters from $32.00 to $35.00 and gave the stock an underperform rating in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Urban Outfitters from a buy rating to a hold rating in a research note on Tuesday, June 18th. BMO Capital Markets dropped their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a market perform rating for the company in a research report on Thursday. Finally, Morgan Stanley reduced their price target on shares of Urban Outfitters from $40.00 to $38.00 and set an equal weight rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of Hold and a consensus price target of $42.30.

Urban Outfitters Stock Down 9.6 %

Shares of NASDAQ:URBN opened at $37.51 on Thursday. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.00 and a beta of 1.51. The business has a 50 day moving average price of $43.54 and a 200 day moving average price of $42.18. Urban Outfitters has a twelve month low of $30.05 and a twelve month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. Urban Outfitters’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Analysts anticipate that Urban Outfitters will post 3.57 EPS for the current year.

Insider Activity at Urban Outfitters

In other news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total value of $583,541.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction of $583,541.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares in the company, valued at $27,303,796.80. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Parallel Advisors LLC increased its stake in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 417 shares during the last quarter. Quarry LP grew its holdings in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares during the period. Spire Wealth Management increased its position in shares of Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 1,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters during the 2nd quarter worth $42,000. Finally, Meeder Asset Management Inc. bought a new position in Urban Outfitters during the second quarter worth about $48,000. 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.