Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $55.18.

Several research firms recently weighed in on URBN. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. UBS Group boosted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird boosted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Finally, Citigroup reduced their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, April 8th.

Insiders Place Their Bets

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares of the company’s stock, valued at approximately $902,898. This represents a 34.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,976 shares of company stock valued at $1,663,713 in the last 90 days. 31.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in Urban Outfitters by 7.6% in the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after buying an additional 2,527 shares during the period. GAMMA Investing LLC lifted its stake in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Diversified Trust Co boosted its position in shares of Urban Outfitters by 10.6% in the 4th quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock worth $1,030,000 after purchasing an additional 1,801 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Urban Outfitters by 17,631.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock worth $1,966,000 after purchasing an additional 35,615 shares during the period. Finally, Friedenthal Financial bought a new stake in Urban Outfitters in the fourth quarter valued at about $765,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $50.22 on Thursday. The stock has a 50-day simple moving average of $51.48 and a 200 day simple moving average of $49.10. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $61.16. The stock has a market capitalization of $4.65 billion, a PE ratio of 14.39, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

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 Nuuly. 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.