Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Rating of “Moderate Buy” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $87.1818.

URBN has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Barclays dropped their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. Finally, Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the sale, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by corporate insiders.

Institutional Trading of Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Abrams Bison Investments LLC bought a new stake in Urban Outfitters during the 4th quarter valued at $127,114,000. Jupiter Asset Management Ltd. boosted its position in Urban Outfitters by 900.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after acquiring an additional 873,008 shares in the last quarter. Capital World Investors bought a new stake in Urban Outfitters during the 3rd quarter valued at $60,795,000. Balyasny Asset Management L.P. boosted its position in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after acquiring an additional 606,831 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Urban Outfitters during the 4th quarter valued at $44,191,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

URBN opened at $74.85 on Friday. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.43 and a beta of 1.23. The stock’s 50 day moving average price is $68.65 and its 200-day moving average price is $70.41. Urban Outfitters has a one year low of $59.53 and a one year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. As a group, analysts predict that Urban Outfitters will post 5.97 earnings per share for the current fiscal year.

About Urban Outfitters

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.