StockNews.com Upgrades Urban Outfitters (NASDAQ:URBN) to “Buy”

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

URBN has been the topic of a number of other research reports. Barclays lifted their price objective on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Bank of America boosted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $57.54 on Thursday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.10 and a beta of 1.60. The firm has a fifty day moving average price of $46.19 and a 200 day moving average price of $42.22. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $57.76.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts predict that Urban Outfitters will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the period. Quarry LP increased its position in 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 purchasing an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $42,000. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter valued at approximately $47,000. 77.61% of the stock is owned by institutional investors.

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.