Urban Outfitters (NASDAQ:URBN) Downgraded by Wall Street Zen to “Hold”

Urban Outfitters (NASDAQ:URBN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other brokerages also recently weighed in on URBN. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Guggenheim initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.67.

Urban Outfitters Stock Down 3.1%

Shares of Urban Outfitters stock opened at $67.39 on Friday. Urban Outfitters has a 12-month low of $41.89 and a 12-month high of $84.35. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.05 and a beta of 1.23. The firm’s 50-day moving average price is $74.61 and its two-hundred day moving average price is $72.37.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion during the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. On average, sell-side analysts expect that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total value of $751,596.82. Following the completion of the sale, the chief executive officer directly owned 17,633,260 shares in the company, valued at $1,242,439,499.60. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total value of $657,603.18. Following the transaction, the insider directly owned 2,094,734 shares in the company, valued at $147,594,957.64. The trade was a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 469,333 shares of company stock worth $36,157,534. 31.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Urban Outfitters by 53.6% during the 4th quarter. Farther Finance Advisors LLC now owns 843 shares of the apparel retailer’s stock worth $63,000 after acquiring an additional 294 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Urban Outfitters by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 27,408 shares of the apparel retailer’s stock valued at $2,062,000 after purchasing an additional 344 shares during the period. Burney Co. boosted its position in shares of Urban Outfitters by 29.4% during the 4th quarter. Burney Co. now owns 6,446 shares of the apparel retailer’s stock valued at $485,000 after purchasing an additional 1,465 shares in the last quarter. Choreo LLC boosted its position in shares of Urban Outfitters by 26.7% during the 4th quarter. Choreo LLC now owns 4,216 shares of the apparel retailer’s stock valued at $316,000 after purchasing an additional 889 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 205 shares during the period. Institutional investors own 77.61% of the company’s stock.

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.