Telsey Advisory Group Reiterates “Market Perform” Rating for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $72.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 4.09% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Glj Research reissued a “sell” rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. BMO Capital Markets set a $76.00 price objective on Urban Outfitters and gave the stock a “market perform” rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised Urban Outfitters from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Wall Street Zen lowered Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th. Finally, Bank of America increased their price target on Urban Outfitters from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Moderate Buy” and an average price target of $74.09.

Urban Outfitters Stock Down 0.1%

Urban Outfitters stock opened at $69.17 on Wednesday. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $75.80. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The stock has a 50-day moving average price of $58.60 and a 200 day moving average price of $55.45.

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

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the transaction, the chief executive officer now directly owns 13,477 shares in the company, valued at approximately $950,398.04. This trade represents a 25.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Azeez Hayne sold 12,856 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total value of $938,488.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,156 shares of company stock worth $11,636,158. 31.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock valued at $121,700,000 after buying an additional 233,371 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Urban Outfitters by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares during the period. Junto Capital Management LP lifted its holdings in shares of Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock valued at $90,571,000 after buying an additional 244,801 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock valued at $73,212,000 after buying an additional 302,444 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after purchasing an additional 60,697 shares during 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 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.