Urban Outfitters (NASDAQ:URBN) Downgraded to “Hold” Rating by StockNews.com

Urban Outfitters (NASDAQ:URBN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley raised their price objective on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted 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 note on Wednesday, November 27th. Robert W. Baird increased their price objective 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. Finally, Barclays boosted their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.18.

Urban Outfitters Stock Up 0.7 %

URBN opened at $57.10 on Friday. The firm has a market capitalization of $5.27 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.10 and a beta of 1.55. The firm’s 50 day moving average is $47.86 and its 200-day moving average is $42.56. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $59.05.

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

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of URBN. Geode Capital Management LLC lifted its position in Urban Outfitters by 1.2% in 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 purchasing an additional 18,249 shares during the last quarter. Algert Global LLC increased its stake in shares of Urban Outfitters by 36.0% in the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock valued at $2,058,000 after purchasing an additional 14,220 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Urban Outfitters during the third quarter worth approximately $642,000. Fisher Asset Management LLC grew its holdings in Urban Outfitters by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after buying an additional 62,019 shares in the last quarter. Finally, State Street Corp increased its position in Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after acquiring an additional 31,100 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.