Urban Outfitters, Inc. (NASDAQ:URBN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $85.3636.

A number of research analysts recently issued reports on URBN shares. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. UBS Group increased their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Bank of America boosted their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company raised their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th.

Urban Outfitters Stock Down 4.4%

NASDAQ URBN opened at $75.72 on Friday. The business has a 50 day moving average price of $68.05 and a two-hundred day moving average price of $70.76. The stock has a market cap of $6.79 billion, a PE ratio of 14.29, a P/E/G ratio of 1.19 and a beta of 1.20. Urban Outfitters has a fifty-two week low of $41.89 and a fifty-two week high of $80.71.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Sell-side analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $73.97, for a total value of $690,362.01. Following the completion of the transaction, the insider owned 2,402,723 shares of the company’s stock, valued at approximately $177,729,420.31. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the sale, the chief executive officer owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. This represents a 0.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,400 shares of company stock valued at $7,603,338 in the last quarter. 31.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in URBN. Root Financial Partners LLC bought a new position in Urban Outfitters during the 3rd quarter valued at $25,000. Hollencrest Capital Management acquired a new position in Urban Outfitters during the second quarter worth about $26,000. Global Retirement Partners LLC raised its position in Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 687 shares in the last quarter. 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.