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

Urban Outfitters (NASDAQ:URBN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

URBN has been the topic of a number of other research reports. Morgan Stanley decreased their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group lowered shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Wells Fargo & Company decreased their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. BMO Capital Markets reduced their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. Finally, Jefferies Financial Group reduced their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.30.

Urban Outfitters Stock Up 1.7 %

NASDAQ URBN opened at $38.32 on Friday. The firm has a 50-day moving average price of $39.40 and a two-hundred day moving average price of $41.10. Urban Outfitters has a 12-month low of $30.67 and a 12-month high of $48.90. The company has a market capitalization of $3.58 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.93 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that Urban Outfitters will post 3.63 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. UniSuper Management Pty Ltd acquired a new stake in shares of Urban Outfitters in the 1st quarter worth about $537,000. Harbor Capital Advisors Inc. raised its holdings in shares of Urban Outfitters by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after purchasing an additional 34,350 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Urban Outfitters during the second quarter worth about $582,000. Nisa Investment Advisors LLC grew its holdings in shares of Urban Outfitters by 5.6% in the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock valued at $412,000 after acquiring an additional 531 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Urban Outfitters by 100.7% during the first quarter. Los Angeles Capital Management LLC now owns 42,342 shares of the apparel retailer’s stock valued at $1,838,000 after acquiring an additional 21,248 shares during the last quarter. 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.