Urban Outfitters (NASDAQ:URBN) Trading Down 3.8% on Analyst Downgrade

Urban Outfitters, Inc. (NASDAQ:URBN)’s share price was down 3.8% during mid-day trading on Friday after Wall Street Zen downgraded the stock from a strong-buy rating to a buy rating. The stock traded as low as $74.21 and last traded at $74.6130. Approximately 421,018 shares traded hands during trading, a decline of 80% from the average daily volume of 2,129,136 shares. The stock had previously closed at $77.56.

URBN has been the subject of several other reports. Wells Fargo & Company increased their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Wednesday, October 8th. Bank of America lifted their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Urban Outfitters has an average rating of “Moderate Buy” and an average target price of $85.36.

Insider Activity

In other news, CEO Richard A. Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $70.11, for a total transaction of $654,336.63. Following the completion of the sale, the chief executive officer directly owned 2,430,722 shares in the company, valued at $170,417,919.42. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tricia D. Smith sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total transaction of $237,218.00. Following the completion of the transaction, the chief executive officer directly owned 10,077 shares of the company’s stock, valued at approximately $703,072.29. This represents a 25.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,400 shares of company stock worth $3,118,738 over the last three months. 31.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of URBN. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Urban Outfitters by 21.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,912 shares of the apparel retailer’s stock worth $939,000 after purchasing an additional 3,191 shares during the period. Federated Hermes Inc. grew its position in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 687 shares during the period. GSA Capital Partners LLP increased its stake in Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock valued at $545,000 after purchasing an additional 203 shares during the last quarter. Vestcor Inc purchased a new position in Urban Outfitters during the first quarter worth about $343,000. Finally, Natixis Advisors LLC boosted its stake in Urban Outfitters by 55.3% in the 1st quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer’s stock worth $1,256,000 after buying an additional 8,542 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Trading Down 4.6%

The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. The business has a 50 day simple moving average of $67.55 and a 200-day simple moving average of $70.37.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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.