Urban Outfitters (NASDAQ:URBN) Earns “Outperform” Rating from Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They currently have a $98.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 43.38% from the company’s current price.

A number of other analysts have also recently weighed in on URBN. JPMorgan Chase & Co. dropped their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Guggenheim assumed coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Finally, Robert W. Baird set a $93.00 price objective on Urban Outfitters in a report on Wednesday, December 17th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.67.

Urban Outfitters Price Performance

URBN opened at $68.35 on Thursday. Urban Outfitters has a 12 month low of $41.89 and a 12 month high of $84.35. The business has a 50-day moving average of $73.86 and a two-hundred day moving average of $71.90. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24.

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

Insiders Place Their Bets

In other news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total value of $758,743.71. Following the transaction, the chief executive officer owned 17,511,209 shares of the company’s stock, valued at $1,245,572,296.17. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total value of $663,856.29. Following the completion of the sale, the insider directly owned 1,987,950 shares of the company’s stock, valued at approximately $141,402,883.50. This trade represents a 0.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 598,168 shares of company stock valued at $45,325,456. 31.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in URBN. Root Financial Partners LLC acquired a new stake in shares of Urban Outfitters during the third quarter worth $25,000. Hollencrest Capital Management bought a new position in Urban Outfitters during the 2nd quarter worth about $26,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Urban Outfitters in the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. raised its stake in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 326 shares during the period. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds 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.