Urban Outfitters (NASDAQ:URBN) Upgraded at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report released on Wednesday morning.

Several other research firms have also recently weighed in on URBN. Barclays increased their price objective on Urban Outfitters from $48.00 to $50.00 and gave the stock an overweight rating in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Urban Outfitters from $48.00 to $50.00 and gave the company a neutral rating in a research report on Wednesday. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $48.00 to $49.00 and gave the stock an outperform rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a research note on Thursday, February 29th. Finally, UBS Group lifted their price objective on Urban Outfitters from $42.00 to $43.00 and gave the company a neutral rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $41.33.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $39.42 on Wednesday. Urban Outfitters has a one year low of $26.45 and a one year high of $47.29. The stock has a market capitalization of $3.68 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.55. The business’s 50 day simple moving average is $40.79 and its two-hundred day simple moving average is $39.26.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. Sell-side analysts expect that Urban Outfitters will post 3.53 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Melanie Marein-Efron sold 3,345 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the transaction, the chief financial officer now owns 6,908 shares in the company, valued at approximately $291,724.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azeez Hayne sold 2,878 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the sale, the insider now owns 2,878 shares of the company’s stock, valued at $117,278.50. The disclosure for this sale can be found here. Insiders sold 18,473 shares of company stock worth $757,483 over the last three months. 31.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Urban Outfitters by 9.6% in the fourth quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock worth $273,835,000 after buying an additional 674,790 shares during the last quarter. Woodson Capital Management LP bought a new stake in shares of Urban Outfitters during the 1st quarter valued at $27,233,000. Cercano Management LLC purchased a new stake in shares of Urban Outfitters in the 4th quarter worth $18,815,000. Goldman Sachs Group Inc. raised its holdings in Urban Outfitters by 82.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after purchasing an additional 470,323 shares during the period. Finally, Norges Bank purchased a new position in Urban Outfitters during the fourth quarter valued at $16,314,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.