Urban Outfitters (NASDAQ:URBN) Upgraded at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report sent to investors on Thursday.

URBN has been the subject of a number of other reports. Wells Fargo & Company boosted their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Robert W. Baird lifted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Bank of America upped their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays raised their price target on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Trading Up 3.6 %

URBN opened at $56.84 on Thursday. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $57.00. The firm’s 50 day simple moving average is $45.74 and its two-hundred day simple moving average is $42.13. The company has a market capitalization of $5.25 billion, a PE ratio of 16.29, a PEG ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. The company 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%. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. Equities analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake 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 buying an additional 354 shares during the last quarter. Quarry LP boosted its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters during the 2nd quarter valued at approximately $42,000. Asset Management One Co. Ltd. bought a new stake in Urban Outfitters in the third quarter worth $47,000. Finally, Meeder Asset Management Inc. purchased a new stake in Urban Outfitters during the second quarter valued at $48,000. 77.61% of the stock is owned by 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.