Urban Outfitters (NASDAQ:URBN) Stock Rating Lowered by Morgan Stanley

Urban Outfitters (NASDAQ:URBNGet Rating) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other equities research analysts have also recently weighed in on URBN. Robert W. Baird lowered their price objective on shares of Urban Outfitters from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com began coverage on shares of Urban Outfitters in a research report on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Urban Outfitters from $32.00 to $26.00 in a research report on Monday, May 16th. BMO Capital Markets reduced their target price on shares of Urban Outfitters from $27.00 to $21.00 in a research note on Wednesday. Finally, B. Riley reduced their target price on shares of Urban Outfitters from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.46.

Shares of URBN stock opened at $20.85 on Friday. Urban Outfitters has a 52-week low of $17.81 and a 52-week high of $42.10. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 0.38 and a beta of 1.43. The firm has a fifty day moving average of $24.16 and a 200-day moving average of $27.58.

Urban Outfitters (NASDAQ:URBNGet Rating) last announced its quarterly earnings data on Tuesday, May 24th. The apparel retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Urban Outfitters had a net margin of 6.83% and a return on equity of 18.55%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, research analysts forecast that Urban Outfitters will post 2.94 EPS for the current year.

In other news, CAO Azeez Hayne sold 5,000 shares of the business’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $26.61, for a total value of $133,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Credit Suisse AG lifted its position in Urban Outfitters by 0.6% during the fourth quarter. Credit Suisse AG now owns 68,344 shares of the apparel retailer’s stock worth $2,006,000 after purchasing an additional 392 shares during the period. Quantamental Technologies LLC lifted its position in Urban Outfitters by 3.2% during the first quarter. Quantamental Technologies LLC now owns 18,199 shares of the apparel retailer’s stock worth $457,000 after purchasing an additional 561 shares during the period. PNC Financial Services Group Inc. lifted its position in Urban Outfitters by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer’s stock worth $490,000 after purchasing an additional 625 shares during the period. Teacher Retirement System of Texas lifted its position in Urban Outfitters by 5.9% during the first quarter. Teacher Retirement System of Texas now owns 14,167 shares of the apparel retailer’s stock worth $356,000 after purchasing an additional 790 shares during the period. Finally, WINTON GROUP Ltd lifted its position in Urban Outfitters by 3.8% during the fourth quarter. WINTON GROUP Ltd now owns 22,804 shares of the apparel retailer’s stock worth $670,000 after purchasing an additional 833 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

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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