Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Hold” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $86.6667.

A number of equities analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. The Goldman Sachs Group started coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. Finally, UBS Group reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th.

Urban Outfitters Stock Down 3.1%

Shares of NASDAQ URBN opened at $67.39 on Friday. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The company’s 50-day simple moving average is $74.61 and its 200-day simple moving average is $72.37. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion during the quarter. Equities research analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $74.94, for a total transaction of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,995,938 shares in the company, valued at approximately $1,348,615,593.72. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 469,333 shares of company stock worth $36,157,534. 31.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at $5,917,000. Oak Harvest Investment Services grew its position in Urban Outfitters by 203.1% in the 3rd quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock valued at $2,165,000 after acquiring an additional 20,313 shares in the last quarter. Bank of Montreal Can increased its stake in Urban Outfitters by 134.9% during the second quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after purchasing an additional 11,894 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Urban Outfitters during the second quarter worth about $7,036,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Urban Outfitters by 137.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 221,655 shares of the apparel retailer’s stock worth $16,312,000 after purchasing an additional 128,249 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 is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.