Jefferies Financial Group Upgrades Urban Outfitters (NASDAQ:URBN) to Hold

Urban Outfitters (NASDAQ:URBN) was upgraded by research analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a report released on Friday, Marketbeat Ratings reports. The firm currently has a $70.00 price objective on the apparel retailer’s stock, up from their previous price objective of $50.00. Jefferies Financial Group’s price objective would suggest a potential downside of 0.03% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. UBS Group boosted their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the company a “market perform” rating in a report on Thursday, May 22nd. Barclays upped their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Glj Research reiterated a “sell” rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Finally, Citigroup lowered their price target 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.55.

Urban Outfitters Stock Performance

Shares of URBN opened at $70.02 on Friday. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.02 and a beta of 1.45. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The firm has a 50 day moving average price of $56.92 and a 200-day moving average price of $54.72.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. As a group, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Kotzman Kelly Campbell sold 6,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total transaction of $510,680.00. Following the sale, the director now owns 4,750 shares in the company, valued at approximately $356,725. This trade represents a 58.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the sale, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,332 shares of company stock worth $12,497,479 in the last quarter. Company insiders own 31.60% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in URBN. Whipplewood Advisors LLC grew its holdings in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 463 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Federated Hermes Inc. boosted its stake in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after buying an additional 687 shares during the period. Virtus Advisers LLC purchased a new position in Urban Outfitters during the first quarter worth $46,000. Finally, Exchange Traded Concepts LLC purchased a new position in Urban Outfitters during the first quarter worth $52,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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 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.