Urban Outfitters (NASDAQ:URBN) Rating Increased to Buy at StockNews.com

Urban Outfitters (NASDAQ:URBN) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group lowered their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group boosted their price target on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday. BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley boosted their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $46.27.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded up $7.35 during mid-day trading on Thursday, reaching $47.49. 8,113,721 shares of the company traded hands, compared to its average volume of 1,709,596. The company’s 50 day moving average price is $37.44 and its 200-day moving average price is $40.11. The firm has a market cap of $4.38 billion, a PE ratio of 13.61, a PEG ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 52 week low of $33.17 and a 52 week high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. On average, research analysts predict that Urban Outfitters will post 3.65 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its position in Urban Outfitters by 138.8% in 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 during the last quarter. Quarry LP grew its position in Urban Outfitters by 1,825.0% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Urban Outfitters in the 2nd quarter valued at $42,000. Meeder Asset Management Inc. bought a new position in Urban Outfitters in the 2nd quarter valued at $48,000. Finally, Asset Management One Co. Ltd. bought a new position in Urban Outfitters in the 3rd quarter valued at $47,000. 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.