Urban Outfitters, Inc. (NASDAQ:URBN) Receives Consensus Recommendation of “Hold” from Analysts

Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $36.29.

A number of equities research analysts have weighed in on the company. Barclays downgraded Urban Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $34.00 to $29.00 in a report on Friday, April 1st. BMO Capital Markets lowered their price target on Urban Outfitters from $37.00 to $29.00 in a research report on Monday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Urban Outfitters from $42.00 to $35.00 in a report on Wednesday, February 16th. Morgan Stanley lowered their target price on shares of Urban Outfitters from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Urban Outfitters from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, March 2nd.

In related news, CAO Azeez Hayne sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $26.61, for a total value of $133,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 27.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Shapiro Capital Management LLC lifted its stake in shares of Urban Outfitters by 4.6% in the 1st quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock valued at $237,867,000 after purchasing an additional 420,001 shares during the period. BlackRock Inc. lifted its stake in Urban Outfitters by 9.6% in the fourth quarter. BlackRock Inc. now owns 9,143,391 shares of the apparel retailer’s stock valued at $268,451,000 after buying an additional 802,424 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in Urban Outfitters by 41.3% during the first quarter. Turtle Creek Asset Management Inc. now owns 5,560,507 shares of the apparel retailer’s stock worth $139,624,000 after buying an additional 1,624,012 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Urban Outfitters by 8.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,990,653 shares of the apparel retailer’s stock worth $125,315,000 after buying an additional 403,537 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer’s stock valued at $101,382,000 after acquiring an additional 318,211 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

Shares of URBN stock opened at $22.72 on Friday. Urban Outfitters has a one year low of $21.35 and a one year high of $42.10. The stock has a fifty day moving average price of $25.14 and a 200 day moving average price of $28.35. The stock has a market cap of $2.17 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 0.40 and a beta of 1.43.

Urban Outfitters (NASDAQ:URBNGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The apparel retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Urban Outfitters had a return on equity of 18.55% and a net margin of 6.83%. Urban Outfitters’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. Research analysts anticipate that Urban Outfitters will post 2.96 EPS for the current fiscal year.

About Urban Outfitters (Get Rating)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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