Urban Outfitters, Inc. (NASDAQ:URBN) Receives Consensus Recommendation of “Hold” from Brokerages

Urban Outfitters, Inc. (NASDAQ:URBN) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.64.

URBN has been the subject of a number of research analyst reports. UBS Group lifted their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Robert W. Baird increased their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Barclays lifted their price objective on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Telsey Advisory Group raised their price target on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 14th.

Urban Outfitters Stock Down 0.6 %

NASDAQ URBN opened at $56.01 on Friday. The company has a market cap of $5.17 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. The firm’s 50-day simple moving average is $55.42 and its two-hundred day simple moving average is $44.62. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the period. Fisher Asset Management LLC increased its stake in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares during the period. American Century Companies Inc. raised its holdings in shares of Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock valued at $114,653,000 after acquiring an additional 173,082 shares in the last quarter. Geode Capital Management LLC lifted its stake in Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after acquiring an additional 60,697 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

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 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.