Urban Outfitters (NASDAQ:URBN) Earns Market Perform Rating from Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $59.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential downside of 6.07% from the stock’s previous close.

URBN has been the topic of several other research reports. Robert W. Baird increased their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Barclays lowered their price target on Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Finally, Wells Fargo & Company cut their target price on shares of Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.82.

Urban Outfitters Stock Up 1.7%

Shares of URBN opened at $62.81 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $63.21. The firm has a fifty day simple moving average of $51.27 and a two-hundred day simple moving average of $51.34. The stock has a market capitalization of $5.82 billion, a P/E ratio of 18.00, a PEG ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Sell-side analysts expect that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. The trade was a 44.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of Urban Outfitters 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 sold 29,976 shares of company stock worth $1,663,713 over the last three months. 31.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. GSA Capital Partners LLP grew its position in Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock valued at $545,000 after acquiring an additional 203 shares during the period. Xponance Inc. lifted its stake in shares of Urban Outfitters by 4.9% during the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock valued at $251,000 after acquiring an additional 222 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Urban Outfitters by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer’s stock worth $1,011,000 after buying an additional 228 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after buying an additional 250 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

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.