Urban Outfitters (NASDAQ:URBN) Downgraded to “Neutral” at B. Riley

B. Riley lowered shares of Urban Outfitters (NASDAQ:URBNGet Rating) from a buy rating to a neutral rating in a research note released on Friday, The Fly reports. They currently have $23.00 target price on the apparel retailer’s stock.

URBN has been the subject of several other reports. Morgan Stanley lowered Urban Outfitters from an overweight rating to an equal weight rating and cut their price objective for the stock from $34.00 to $25.00 in a research note on Friday, May 27th. JPMorgan Chase & Co. dropped their price target on Urban Outfitters from $32.00 to $26.00 in a research report on Monday, May 16th. StockNews.com began coverage on Urban Outfitters in a research report on Thursday, March 31st. They issued a hold rating for the company. Robert W. Baird dropped their price target on Urban Outfitters from $32.00 to $24.00 and set a neutral rating for the company in a research report on Wednesday, May 25th. Finally, BMO Capital Markets dropped their price target on Urban Outfitters from $27.00 to $21.00 in a research report on Wednesday, May 25th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $28.67.

Shares of Urban Outfitters stock opened at $20.34 on Friday. Urban Outfitters has a twelve month low of $17.81 and a twelve month high of $42.10. The business has a 50-day moving average price of $22.96 and a 200 day moving average price of $26.16. The firm has a market cap of $1.88 billion, a PE ratio of 6.99, a P/E/G ratio of 0.49 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBNGet Rating) last posted its quarterly earnings data on Tuesday, May 24th. The apparel retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). Urban Outfitters had a return on equity of 16.83% and a net margin of 6.18%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Urban Outfitters’s quarterly revenue was up 13.2% on a year-over-year basis. Sell-side analysts anticipate that Urban Outfitters will post 2.42 earnings per share for the current fiscal year.

In other Urban Outfitters news, CAO Azeez Hayne sold 5,000 shares of the company’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $26.61, for a total transaction of $133,050.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 28.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Turtle Creek Asset Management Inc. raised its stake in shares of Urban Outfitters by 41.3% in the first quarter. Turtle Creek Asset Management Inc. now owns 5,560,507 shares of the apparel retailer’s stock valued at $139,624,000 after acquiring an additional 1,624,012 shares in the last quarter. BlackRock Inc. increased its holdings 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 last quarter. Millennium Management LLC increased its holdings in Urban Outfitters by 1,729.5% in the third quarter. Millennium Management LLC now owns 846,489 shares of the apparel retailer’s stock valued at $25,132,000 after buying an additional 800,221 shares during the last quarter. American Century Companies Inc. increased its holdings in Urban Outfitters by 406.4% in the fourth quarter. American Century Companies Inc. now owns 814,969 shares of the apparel retailer’s stock valued at $23,927,000 after buying an additional 654,048 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Urban Outfitters by 357.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 680,642 shares of the apparel retailer’s stock valued at $19,984,000 after buying an additional 531,942 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Urban Outfitters Company Profile (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.

Featured Articles

The Fly logo

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.