Urban Outfitters (NASDAQ:URBN) Upgraded by Morgan Stanley to “Overweight” Rating

Morgan Stanley upgraded shares of Urban Outfitters (NASDAQ:URBN) from an equal weight rating to an overweight rating in a research note released on Tuesday, Marketbeat.com reports. Morgan Stanley currently has $63.00 target price on the apparel retailer’s stock, up from their prior target price of $41.00.

Other equities analysts have also issued reports about the stock. UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted 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 raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Stock Performance

Shares of URBN opened at $59.04 on Tuesday. The business’s fifty day moving average price is $51.66 and its two-hundred day moving average price is $43.50. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.25 and a beta of 1.55. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90.

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

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 31.80% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Urban Outfitters by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after acquiring an additional 258 shares during the period. Quarry LP grew its stake 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 worth $47,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. increased its holdings 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 during the last quarter. Finally, KBC Group NV raised its stake in Urban Outfitters by 39.8% in the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock valued at $80,000 after acquiring an additional 594 shares during the period. 77.61% of the stock is owned by hedge funds and other 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.