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

Urban Outfitters, Inc. (NASDAQ:URBN) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $87.00.

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a report on Monday, July 6th. Barclays decreased their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $72.00 target price on shares of Urban Outfitters in a research note on Thursday, May 21st. Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $72.98 on Friday. The company has a 50-day simple moving average of $71.99 and a 200-day simple moving average of $70.22. The company has a market cap of $6.25 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Urban Outfitters has a 12 month low of $59.53 and a 12 month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Urban Outfitters will post 6.13 EPS for the current year.

Insider Activity

In related news, CFO Melanie Marein-Efron sold 5,036 shares of the company’s stock in a transaction that occurred on 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 approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Institutional Trading of Urban Outfitters

Several institutional investors have recently made changes to their positions in URBN. Maryland State Retirement & Pension System raised its position in Urban Outfitters by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock valued at $593,000 after buying an additional 148 shares during the period. Salomon & Ludwin LLC boosted its position in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC boosted its position in Urban Outfitters by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after acquiring an additional 154 shares during the period. Oliver Luxxe Assets LLC grew its stake in Urban Outfitters by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock valued at $2,542,000 after acquiring an additional 181 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock valued at $533,000 after acquiring an additional 193 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.