Urban Outfitters (NASDAQ:URBN) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Urban Outfitters (NASDAQ:URBN) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday morning, Marketbeat reports. Morgan Stanley currently has $63.00 target price on the apparel retailer’s stock, up from their prior target price of $41.00.

Other research analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Robert W. Baird lifted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Finally, StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.64.

Urban Outfitters Trading Up 9.9 %

NASDAQ:URBN opened at $60.44 on Tuesday. The company has a 50-day moving average price of $50.86 and a 200-day moving average price of $43.28. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $60.57. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.14 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $0.88 EPS. Urban Outfitters’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Urban Outfitters will post 3.9 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Several large investors have recently added to or reduced their stakes in URBN. Hsbc Holdings PLC grew its position in Urban Outfitters by 60.7% during the second quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer’s stock valued at $971,000 after buying an additional 8,904 shares during the period. XTX Topco Ltd bought a new stake in Urban Outfitters during the second quarter valued at approximately $224,000. ProShare Advisors LLC grew its position in Urban Outfitters by 52.4% during the second quarter. ProShare Advisors LLC now owns 19,374 shares of the apparel retailer’s stock valued at $795,000 after buying an additional 6,662 shares during the period. Public Sector Pension Investment Board grew its position in Urban Outfitters by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 124,801 shares of the apparel retailer’s stock valued at $5,123,000 after buying an additional 8,783 shares during the period. Finally, Evergreen Capital Management LLC grew its position in Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after buying an additional 258 shares during the period. 77.61% of the stock is currently 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.