Urban Outfitters (NASDAQ:URBN) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a report issued on Wednesday morning.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company upped their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Morgan Stanley raised their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Robert W. Baird upped their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $54.55 on Wednesday. The stock’s 50-day simple moving average is $43.44 and its two-hundred day simple moving average is $41.60. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.10 and a beta of 1.60. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $55.99.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. As a group, equities analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Franklin Resources Inc. boosted its position in shares of Urban Outfitters by 7.6% during the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after buying an additional 2,527 shares during the period. Geode Capital Management LLC boosted its holdings in Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares during the period. XTX Topco Ltd grew its position in Urban Outfitters by 367.0% in the 3rd quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock valued at $974,000 after acquiring an additional 19,982 shares during the last quarter. Zacks Investment Management increased its stake in Urban Outfitters by 10.4% in the third quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock worth $1,671,000 after purchasing an additional 4,092 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Urban Outfitters during the third quarter worth $3,894,000. 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.