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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $87.1818.

URBN has been the subject of several research analyst reports. Bank of America increased their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Barclays lowered their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday.

Urban Outfitters Trading Down 4.8%

Shares of URBN opened at $72.75 on Tuesday. Urban Outfitters has a 12-month low of $59.53 and a 12-month high of $84.35. The firm has a 50-day moving average price of $72.08 and a 200 day moving average price of $71.27. The firm has a market capitalization of $6.23 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.44 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last posted 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 company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities research analysts predict that Urban Outfitters will post 6.01 earnings per share for the current fiscal year.

Insider Activity

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This trade represents a 22.83% 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, insider Azeez Hayne sold 8,733 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The SEC filing for this sale provides additional information. Company insiders own 32.10% of the company’s stock.

Institutional Trading of Urban Outfitters

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock worth $273,274,000 after purchasing an additional 338,622 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after purchasing an additional 540,877 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Urban Outfitters by 2.8% during the third quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares in the last quarter. Abrams Bison Investments LLC acquired a new stake in shares of Urban Outfitters during the fourth quarter worth about $127,114,000. Finally, Geode Capital Management LLC lifted its position in shares of Urban Outfitters by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after purchasing an additional 35,244 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.