Urban Outfitters (NASDAQ:URBN) Receives “Market Perform” Rating from Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating restated by equities researchers at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $56.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price suggests a potential downside of 2.44% from the stock’s previous close.

A number of other research firms also recently commented on URBN. UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Wells Fargo & Company increased their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.64.

Urban Outfitters Stock Performance

Shares of URBN opened at $57.40 on Wednesday. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $60.90. The company has a market capitalization of $5.30 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.54. The stock has a fifty day moving average of $55.69 and a two-hundred day moving average of $44.79.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, equities research analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s 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 sale, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares in the last quarter. GAMMA Investing LLC lifted its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares in the last quarter. Quarry LP lifted its holdings in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.