Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also recently weighed in on URBN. Citigroup restated a “neutral” rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Wells Fargo & Company raised their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. UBS Group dropped their price objective on Urban Outfitters from $79.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $72.00 to $80.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus price target of $81.09.

Urban Outfitters Stock Up 0.5%

NASDAQ URBN opened at $61.39 on Wednesday. Urban Outfitters has a 12-month low of $36.48 and a 12-month high of $80.71. The company has a market capitalization of $5.51 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. The firm’s 50 day moving average is $67.97 and its 200-day moving average is $69.69.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.44 by $0.14. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. As a group, sell-side analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the sale, the director owned 14,250 shares in the company, valued at $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the transaction, the chief executive officer directly owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. This represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,400 shares of company stock worth $3,118,738 over the last ninety days. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the third quarter worth $25,000. Hollencrest Capital Management bought a new position in shares of Urban Outfitters during the second quarter worth about $26,000. Global Retirement Partners LLC lifted its stake in shares of Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 282 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after buying an additional 301 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 687 shares during the period. 77.61% of the stock is currently owned by 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.