Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $86.6667.

A number of research firms have issued reports on URBN. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. The Goldman Sachs Group assumed coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Wells Fargo & Company increased their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $67.39 on Friday. Urban Outfitters has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The company has a market cap of $6.04 billion, a PE ratio of 12.72, a P/E/G ratio of 1.05 and a beta of 1.23. The business has a 50-day simple moving average of $74.61 and a two-hundred day simple moving average of $72.37.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The firm 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%. On average, sell-side analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $74.94, for a total transaction of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,995,938 shares in the company, valued at approximately $1,348,615,593.72. The trade was a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 469,333 shares of company stock worth $36,157,534. Company insiders own 31.60% of the company’s stock.

Institutional Inflows and Outflows

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