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 research report report published on Friday.

Several other research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Urban Outfitters from $40.00 to $38.00 and set an equal weight rating for the company in a report on Thursday, August 22nd. Wells Fargo & Company cut their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an equal weight rating for the company in a research note 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 for the company in a research note on Thursday, August 22nd. UBS Group increased their price target on Urban Outfitters from $43.00 to $45.00 and gave the company a neutral rating in a research report on Tuesday, May 28th. Finally, Barclays dropped their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an overweight rating on the stock in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has a consensus rating of Hold and a consensus target price of $42.30.

Urban Outfitters Trading Up 1.4 %

NASDAQ URBN opened at $37.28 on Friday. The company has a 50-day moving average price of $40.08 and a two-hundred day moving average price of $41.19. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. Urban Outfitters has a 52 week low of $30.05 and a 52 week high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that Urban Outfitters will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on 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. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were 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 in the company, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently bought and sold shares of the business. UniSuper Management Pty Ltd bought a new stake in shares of Urban Outfitters during the 1st quarter worth about $537,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Urban Outfitters by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock worth $1,901,000 after buying an additional 34,350 shares during the period. Wesbanco Bank Inc. acquired a new position in Urban Outfitters in the 2nd quarter valued at $582,000. Nisa Investment Advisors LLC raised its holdings in Urban Outfitters by 5.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after acquiring an additional 531 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Urban Outfitters by 100.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,342 shares of the apparel retailer’s stock worth $1,838,000 after acquiring an additional 21,248 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

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.