Weekly Investment Analysts’ Ratings Changes for Urban Outfitters (URBN)

Urban Outfitters (NASDAQ: URBN) recently received a number of ratings updates from brokerages and research firms:

• 12/7/2024 – Urban Outfitters was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/28/2024 – Urban Outfitters was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/27/2024 – Urban Outfitters had its price target raised by analysts at Barclays PLC from $43.00 to $51.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Urban Outfitters had its price target raised by analysts at Robert W. Baird from $47.00 to $49.00. They now have a “neutral” rating on the stock.
• 11/27/2024 – Urban Outfitters had its price target raised by analysts at Telsey Advisory Group from $44.00 to $46.00. They now have a “market perform” rating on the stock.
• 11/27/2024 – Urban Outfitters had its price target raised by analysts at Wells Fargo & Company from $40.00 to $48.00. They now have an “equal weight” rating on the stock.
• 11/27/2024 – Urban Outfitters had its price target raised by analysts at Morgan Stanley from $38.00 to $41.00. They now have an “equal weight” rating on the stock.
• 11/27/2024 – Urban Outfitters had its price target raised by analysts at Bank of America Co. from $46.00 to $53.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Urban Outfitters was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $59.00 price target on the stock, up previously from $42.00.
• 11/20/2024 – Urban Outfitters had its price target raised by analysts at Citigroup Inc. from $39.00 to $42.00. They now have a “neutral” rating on the stock.
• 11/20/2024 – Urban Outfitters had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $44.00 price target on the stock.

Urban Outfitters Stock Performance

NASDAQ:URBN traded down $0.76 during midday trading on Tuesday, reaching $49.22. 1,982,314 shares of the stock traded hands, compared to its average volume of 1,730,566. The stock has a market capitalization of $4.54 billion, a P/E ratio of 14.10, a PEG ratio of 1.06 and a beta of 1.60. The company has a fifty day moving average of $39.41 and a 200 day moving average of $40.60. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $52.68.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. On average, analysts predict that Urban Outfitters, Inc. will post 3.84 EPS for the current fiscal year.

Institutional Trading of Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP increased its stake in shares of Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after acquiring an additional 1,230,771 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Urban Outfitters during the third quarter valued at approximately $8,340,000. Empowered Funds LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter worth approximately $7,789,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Urban Outfitters in the 2nd quarter worth approximately $7,685,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.