Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Rating of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.58.

Several research firms have recently commented on URBN. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. UBS Group lifted their price target on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. decreased their price target on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th.

Urban Outfitters Price Performance

Shares of URBN opened at $38.77 on Friday. Urban Outfitters has a 1-year low of $25.52 and a 1-year high of $47.29. The stock has a market cap of $3.62 billion, a PE ratio of 12.75, a P/E/G ratio of 0.62 and a beta of 1.53. The firm has a 50-day simple moving average of $42.22 and a two-hundred day simple moving average of $37.94.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Urban Outfitters’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Urban Outfitters will post 3.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at approximately $36,973.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at approximately $36,973.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tricia D. Smith sold 6,250 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the transaction, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The disclosure for this sale can be found here. Insiders have sold 18,473 shares of company stock valued at $757,483 in the last ninety days. 31.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in shares of Urban Outfitters by 148.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 916 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth $33,000. Castleview Partners LLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth $39,000. Finally, Spire Wealth Management boosted its position in shares of Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 1,110 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other 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 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.