Urban Outfitters (NASDAQ:URBN) Upgraded by StockNews.com to Buy Rating

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

URBN has been the subject of a number of other research reports. UBS Group boosted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Barclays upped their price objective on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird raised their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Bank of America raised their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.64.

Urban Outfitters Stock Up 3.4 %

URBN stock opened at $55.01 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $59.05. The company has a market cap of $5.08 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55. The business’s fifty day moving average is $50.10 and its 200-day moving average is $43.07.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Research analysts anticipate that Urban Outfitters will post 3.89 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now owns 510,296 shares in the company, 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. Company insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of URBN. Blue Trust Inc. increased its position in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Quarry LP increased its holdings in Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Urban Outfitters during the second quarter worth $42,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters in the third quarter valued at $47,000. 77.61% of the stock is 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.