Urban Outfitters (NASDAQ:URBN) Lowered to Hold Rating by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

A number of other equities research analysts also recently weighed in on the stock. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research report on Wednesday, December 17th. The Goldman Sachs Group began coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price objective on the stock. Telsey Advisory Group raised Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $98.00 in a report on Wednesday, December 17th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, UBS Group boosted their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $77.05 on Monday. The firm has a 50-day moving average of $70.92 and a 200-day moving average of $71.86. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $83.94. The stock has a market cap of $6.91 billion, a PE ratio of 14.54, a PEG ratio of 1.16 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The business had revenue of $1.53 billion during the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. Equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $80.38, for a total value of $857,413.46. Following the transaction, the chief executive officer owned 17,825,266 shares in the company, valued at $1,432,794,881.08. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $80.38, for a total value of $750,186.54. Following the transaction, the insider directly owned 2,262,728 shares of the company’s stock, valued at approximately $181,878,076.64. The trade was a 0.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 272,733 shares of company stock valued at $21,094,152. 31.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock worth $262,578,000 after acquiring an additional 142,909 shares during the period. American Century Companies Inc. raised its holdings in Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after purchasing an additional 540,877 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares during the period. Geode Capital Management LLC lifted its position in shares of Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after purchasing an additional 12,965 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Urban Outfitters by 59.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after purchasing an additional 477,909 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.