Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $87.1818.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Company dropped their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Bank of America raised their price target on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a report on Thursday, February 26th. Finally, Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th.

Urban Outfitters Stock Performance

Shares of URBN opened at $72.26 on Friday. The stock’s 50-day simple moving average is $68.96 and its 200 day simple moving average is $70.55. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. Urban Outfitters has a 52-week low of $59.53 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, research analysts forecast that Urban Outfitters will post 5.97 earnings per share for the current fiscal year.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the sale, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 32.10% of the company’s stock.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently modified their holdings of URBN. Root Financial Partners LLC purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at about $25,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Urban Outfitters during the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. raised its holdings in shares of Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 326 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.