Urban Outfitters (NASDAQ:URBN) Upgraded to “Buy” at StockNews.com

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

Other analysts have also issued reports about the stock. Barclays increased their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday. Telsey Advisory Group lifted their target price on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.00 to $59.00 in a report on Wednesday. Finally, Robert W. Baird lifted their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average target price of $46.27.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $47.49 on Thursday. Urban Outfitters has a 1 year low of $33.17 and a 1 year high of $48.90. The stock has a fifty day moving average price of $37.44 and a two-hundred day moving average price of $40.11. The firm has a market cap of $4.38 billion, a P/E ratio of 13.61, a PEG ratio of 1.08 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.28. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Urban Outfitters will post 3.79 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Lazard Asset Management LLC raised its holdings in shares of Urban Outfitters by 96.6% during the 1st quarter. Lazard Asset Management LLC now owns 6,815 shares of the apparel retailer’s stock valued at $295,000 after purchasing an additional 3,348 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Urban Outfitters by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock valued at $1,442,000 after buying an additional 2,307 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Urban Outfitters by 5.8% during the 1st quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock worth $807,000 after acquiring an additional 1,016 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Urban Outfitters by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Urban Outfitters by 165.6% during the 2nd quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock valued at $86,000 after acquiring an additional 1,300 shares during the last quarter. 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.