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

Telsey Advisory Group restated their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $44.00 price target on the apparel retailer’s stock.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets cut their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Barclays reduced their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Bank of America dropped their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $42.27.

Urban Outfitters Trading Down 1.9 %

NASDAQ URBN opened at $36.91 on Wednesday. Urban Outfitters has a 1-year low of $31.37 and a 1-year high of $48.90. The firm’s fifty day simple moving average is $37.01 and its 200-day simple moving average is $40.11. The company has a market capitalization of $3.41 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS. As a group, analysts predict that Urban Outfitters will post 3.66 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Blue Trust Inc. boosted its position in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares in the last quarter. Quarry LP boosted its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $42,000. Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $47,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $48,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.