Urban Outfitters, Inc. (NASDAQ:URBN) Receives Consensus Rating of “Hold” from Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. One 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 1 year target price among brokerages that have covered the stock in the last year is $86.6667.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Citigroup boosted their price target on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Robert W. Baird set a $93.00 price objective on Urban Outfitters in a report on Wednesday, December 17th. Finally, UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $71.62 on Wednesday. The company has a market capitalization of $6.42 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.97 and a beta of 1.24. The stock’s 50 day moving average price is $74.56 and its 200 day moving average price is $72.01. Urban Outfitters has a 52 week low of $41.89 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The company had revenue of $1.53 billion during the quarter. As a group, sell-side analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $74.94, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 598,168 shares of company stock valued at $45,325,456 over the last 90 days. Company insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of URBN. Allianz Asset Management GmbH raised its position in Urban Outfitters by 316.5% in the third quarter. Allianz Asset Management GmbH now owns 187,660 shares of the apparel retailer’s stock worth $13,405,000 after purchasing an additional 142,600 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd acquired a new stake in Urban Outfitters during the third quarter valued at approximately $5,917,000. Oak Harvest Investment Services grew its stake in shares of Urban Outfitters by 203.1% in the 3rd quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock valued at $2,165,000 after purchasing an additional 20,313 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Urban Outfitters by 17.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer’s stock valued at $19,983,000 after purchasing an additional 41,559 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Urban Outfitters by 134.9% in the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after buying an additional 11,894 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

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.