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

Urban Outfitters, Inc. (NASDAQ:URBN) has earned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $86.25.

URBN has been the subject of a number of research reports. Morgan Stanley raised their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Barclays boosted their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Wells Fargo & Company dropped their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Guggenheim began coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th.

Insider Buying and Selling

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $83.18, for a total value of $887,281.06. Following the sale, the chief executive officer owned 17,878,601 shares in the company, valued at approximately $1,487,142,031.18. The trade was a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 473,517 shares of company stock worth $35,562,730. 31.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Urban Outfitters during the 4th quarter valued at approximately $47,000. Virtu Financial LLC acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $732,000. Invesco Ltd. boosted its stake in shares of Urban Outfitters by 16.8% in the 4th quarter. Invesco Ltd. now owns 568,906 shares of the apparel retailer’s stock valued at $42,816,000 after purchasing an additional 81,804 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Urban Outfitters by 20.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,862 shares of the apparel retailer’s stock valued at $291,000 after purchasing an additional 665 shares during the last quarter. Finally, Caitlin John LLC increased its position in shares of Urban Outfitters by 4,107.0% during the fourth quarter. Caitlin John LLC now owns 5,974 shares of the apparel retailer’s stock worth $450,000 after buying an additional 5,832 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Down 0.5%

NASDAQ URBN opened at $63.41 on Friday. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. Urban Outfitters has a twelve month low of $41.89 and a twelve month high of $84.35. The business’s fifty day moving average is $69.95 and its 200 day moving average is $70.66.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. On average, research analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

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.