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 research note released on Thursday.

Several other brokerages also recently issued reports on URBN. Bank of America upped their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Telsey Advisory Group upped their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $57.54 on Thursday. The company has a market cap of $5.31 billion, a PE ratio of 16.49, a P/E/G ratio of 1.10 and a beta of 1.60. The stock’s 50-day moving average is $46.19 and its 200 day moving average is $42.20. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $57.76.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $0.88 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts expect that Urban Outfitters will post 3.88 EPS for the current fiscal year.

Institutional Trading of Urban Outfitters

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Urban Outfitters by 36.3% in the fourth 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. Franklin Resources Inc. lifted its stake in shares of Urban Outfitters by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after purchasing an additional 2,527 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 during the period. XTX Topco Ltd increased its position in shares of Urban Outfitters by 367.0% during the 3rd quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock valued at $974,000 after purchasing an additional 19,982 shares during the last quarter. Finally, Zacks Investment Management raised its holdings in Urban Outfitters by 10.4% during the 3rd quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock valued at $1,671,000 after buying an additional 4,092 shares during the period. 77.61% of the stock is currently owned by institutional investors.

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.