Urban Outfitters (NASDAQ:URBN) Downgraded to Underperform at Jefferies Financial Group

Jefferies Financial Group lowered shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to an underperform rating in a research note published on Wednesday morning, Marketbeat.com reports. The firm currently has $32.00 target price on the apparel retailer’s stock, down from their previous target price of $42.00.

Other equities analysts have also issued research reports about the company. UBS Group increased their target price on Urban Outfitters from $41.00 to $42.00 and gave the stock a neutral rating in a research note on Tuesday, March 5th. StockNews.com lowered Urban Outfitters from a buy rating to a hold rating in a research note on Friday, March 1st. Telsey Advisory Group increased their price target on Urban Outfitters from $44.00 to $48.00 and gave the stock an outperform rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $46.00 to $44.00 and set a neutral rating on the stock in a research report on Wednesday, February 28th. Finally, BMO Capital Markets increased their price target on Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $39.67.

Urban Outfitters Trading Down 2.5 %

Shares of NASDAQ URBN opened at $37.07 on Wednesday. The firm has a market cap of $3.46 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. Urban Outfitters has a 1-year low of $25.52 and a 1-year high of $47.29. The business’s 50 day moving average is $42.04 and its 200-day moving average is $38.06.

Urban Outfitters (NASDAQ:URBN) last announced its 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). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. Urban Outfitters’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Analysts forecast that Urban Outfitters will post 3.53 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $42.23, for a total value of $141,259.35. Following the sale, the chief financial officer now owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $42.23, for a total value of $141,259.35. Following the sale, the chief financial officer now owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tricia D. Smith sold 6,250 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at approximately $258,821.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,473 shares of company stock valued at $757,483. 31.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings 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 valued at $31,000 after acquiring an additional 417 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Urban Outfitters during the 2nd quarter valued at $33,000. Spire Wealth Management boosted its holdings 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 valued at $41,000 after acquiring an additional 1,110 shares in the last quarter. Castleview Partners LLC acquired a new stake in shares of Urban Outfitters during the 3rd quarter valued at $39,000. Finally, Captrust Financial Advisors boosted its holdings 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 valued at $29,000 after acquiring an additional 916 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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 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.