Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Rating of “Moderate Buy” from Analysts

Urban Outfitters, Inc. (NASDAQ:URBNGet Free Report) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong 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 $74.09.

A number of equities analysts recently weighed in on URBN shares. Bank of America boosted their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the stock a “market perform” rating in a report on Thursday, May 22nd. Morgan Stanley increased their price target on Urban Outfitters from $62.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 22nd. Barclays boosted their price objective on Urban Outfitters from $59.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 20th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $72.00 price target on shares of Urban Outfitters in a report on Wednesday.

Get Our Latest Analysis on Urban Outfitters

Urban Outfitters Stock Down 0.1%

Shares of Urban Outfitters stock opened at $69.17 on Friday. The firm has a market cap of $6.41 billion, a PE ratio of 19.82, a P/E/G ratio of 1.02 and a beta of 1.45. The business has a 50-day moving average price of $58.60 and a 200 day moving average price of $55.45. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $75.80.

Urban Outfitters (NASDAQ:URBNGet Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The company 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 firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the completion of the sale, the chief financial officer now directly owns 5,036 shares of the company’s stock, valued at approximately $369,440.96. The trade was a 79.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 4,500 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of the sale, the chief executive officer now owns 13,477 shares in the company, valued at $950,398.04. This represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,156 shares of company stock valued at $11,636,158 over the last 90 days. 31.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of URBN. Whipplewood Advisors LLC boosted its stake 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 during the period. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% in the 4th 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 period. Federated Hermes Inc. grew its stake in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 687 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Urban Outfitters in the first quarter worth $46,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Urban Outfitters during the first quarter worth $52,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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