Urban Outfitters (NASDAQ:URBN) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research note released on Friday.

Other equities research analysts also recently issued reports about the company. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Bank of America increased their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group upped their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Barclays boosted their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Stock Down 3.5 %

URBN opened at $52.80 on Friday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90. The stock has a market cap of $4.87 billion, a PE ratio of 15.13, a PEG ratio of 1.04 and a beta of 1.54. The business has a 50 day moving average of $55.84 and a 200-day moving average of $45.02.

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

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares of the company’s stock, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 31.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after purchasing an additional 18,249 shares in the last quarter. Algert Global LLC lifted its position in shares of Urban Outfitters by 36.0% in the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock worth $2,058,000 after buying an additional 14,220 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in shares of Urban Outfitters in the third quarter worth about $642,000. Friedenthal Financial purchased a new position in Urban Outfitters during the 4th quarter valued at approximately $765,000. Finally, Fisher Asset Management LLC increased its stake in Urban Outfitters by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after acquiring an additional 62,019 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.