Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research firms have also recently commented on URBN. Jefferies Financial Group restated a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a research note on Thursday, May 21st. Barclays decreased their price target 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. Bank of America upped their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company decreased their price target 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. Finally, JPMorgan Chase & Co. upped their price target on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.18.

Urban Outfitters Stock Down 2.2%

NASDAQ:URBN opened at $71.30 on Friday. The stock’s fifty day moving average is $69.77 and its two-hundred day moving average is $70.77. Urban Outfitters has a 52 week low of $59.53 and a 52 week high of $84.35. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22.

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

Insider Buying and Selling at Urban Outfitters

In related news, insider Azeez Hayne sold 8,733 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at $1,249,828.66. The trade was a 22.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

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

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.