Urban Outfitters (NASDAQ:URBN) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a report released on Saturday morning.

Several other research firms have also issued reports on URBN. Barclays increased their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Telsey Advisory Group raised their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Robert W. Baird upped their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Trading Up 1.2 %

URBN stock opened at $58.86 on Friday. The company has a market cap of $5.43 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. The stock has a 50-day moving average price of $55.99 and a two-hundred day moving average price of $45.75. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Equities analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. Jones Financial Companies Lllp increased its holdings in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. grew its position in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP increased its holdings in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters during the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Urban Outfitters

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.