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

Urban Outfitters, Inc. (NASDAQ:URBN) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.58.

A number of research firms recently issued reports on URBN. UBS Group lifted their target price on Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Telsey Advisory Group increased their price target on Urban Outfitters from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. BMO Capital Markets increased their price target on Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price target on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total transaction of $117,278.50. Following the completion of the sale, the insider now directly owns 2,878 shares in the company, valued at approximately $117,278.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the sale, the chief financial officer now directly owns 6,908 shares in the company, valued at approximately $291,724.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the sale, the insider now owns 2,878 shares of the company’s stock, valued at $117,278.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,473 shares of company stock worth $757,483. 31.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors have recently made changes to their positions in URBN. Captrust Financial Advisors raised its stake in shares of Urban Outfitters by 148.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 916 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 417 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Urban Outfitters in the 2nd quarter valued at approximately $33,000. Castleview Partners LLC bought a new position in shares of Urban Outfitters in the 3rd quarter valued at approximately $39,000. Finally, Spire Wealth Management raised its stake in shares of Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 1,110 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of URBN opened at $38.77 on Friday. The stock’s fifty day moving average is $42.22 and its 200-day moving average is $37.94. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.62 and a beta of 1.53. Urban Outfitters has a one year low of $25.52 and a one year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. Urban Outfitters’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Analysts forecast that Urban Outfitters will post 3.53 EPS for the current fiscal year.

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 Nully. 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.