Urban Outfitters (NASDAQ:URBN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research report report published on Saturday.

Several other brokerages also recently issued reports on URBN. Barclays reduced their price objective on Urban Outfitters from $52.00 to $43.00 and set an overweight rating on the stock in a research report on Thursday, August 22nd. Jefferies Financial Group reduced their price objective on Urban Outfitters from $35.00 to $34.00 and set an underperform rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets reduced their price objective on Urban Outfitters from $42.00 to $39.00 and set a market perform rating on the stock in a research report on Thursday, August 22nd. Bank of America dropped their target price on Urban Outfitters from $52.00 to $46.00 and set a buy rating for the company in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group lowered Urban Outfitters from an outperform rating to a market perform rating and dropped their target price for the company from $49.00 to $44.00 in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $42.30.

Urban Outfitters Stock Performance

URBN opened at $38.31 on Friday. The business’s fifty day moving average is $39.24 and its two-hundred day moving average is $41.07. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.93 and a beta of 1.50. Urban Outfitters has a one year low of $30.67 and a one year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Urban Outfitters will post 3.63 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. Company insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in URBN. Marshall Wace LLP raised its position in shares of Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares during the period. Vanguard Group Inc. increased its position in Urban Outfitters by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock valued at $273,835,000 after acquiring an additional 674,790 shares during the period. Woodson Capital Management LP acquired a new stake in Urban Outfitters in the 1st quarter valued at approximately $27,233,000. Goldman Sachs Group Inc. increased its position in Urban Outfitters by 82.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock valued at $37,101,000 after acquiring an additional 470,323 shares during the period. Finally, Norges Bank acquired a new stake in Urban Outfitters in the 4th quarter valued at approximately $16,314,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.