Urban Outfitters’ (URBN) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note issued to investors on Thursday,Benzinga reports. Telsey Advisory Group currently has a $98.00 price target on the apparel retailer’s stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group initiated coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price for the company. Guggenheim initiated coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Barclays increased their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $86.67.

Urban Outfitters Price Performance

Shares of URBN opened at $68.35 on Thursday. The stock has a market capitalization of $6.13 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24. The business’s fifty day moving average price is $73.86 and its 200 day moving average price is $71.86. Urban Outfitters has a 12-month low of $41.89 and a 12-month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its 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. As a group, research analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total value of $663,856.29. Following the completion of the sale, the insider directly owned 1,987,950 shares of the company’s stock, valued at approximately $141,402,883.50. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total transaction of $758,743.71. Following the transaction, the chief executive officer owned 17,511,209 shares in the company, valued at $1,245,572,296.17. This represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 598,168 shares of company stock worth $45,325,456 over the last 90 days. 31.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Urban Outfitters in the third quarter worth about $25,000. Hollencrest Capital Management acquired a new position in shares of Urban Outfitters in the 2nd quarter worth approximately $26,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its holdings in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. 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.