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 report released on Saturday.

Several other equities research analysts also recently commented on URBN. Robert W. Baird boosted their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley upped their price target 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. Barclays lifted their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America increased their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.64.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $55.01 on Friday. The firm’s 50-day moving average price is $50.43 and its 200-day moving average price is $43.15. The company has a market capitalization of $5.08 billion, a PE ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $59.05.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping 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 business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Urban Outfitters will post 3.89 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in URBN. State Street Corp lifted its holdings in Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares in the last quarter. Marshall Wace LLP boosted its holdings in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after buying an additional 1,230,771 shares during the period. Fisher Asset Management LLC increased its stake 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. Geode Capital Management LLC raised its holdings in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of Urban Outfitters by 5.5% in the third quarter. Systematic Financial Management LP now owns 721,732 shares of the apparel retailer’s stock valued at $27,650,000 after acquiring an additional 37,599 shares in the last quarter. 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.