Urban Outfitters (NASDAQ:URBN) Rating Lowered to “Hold” at Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently issued reports on URBN. Wells Fargo & Company upped their price target on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Barclays boosted their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Guggenheim started coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Morgan Stanley lifted their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.67.

Urban Outfitters Trading Down 3.1%

Shares of Urban Outfitters stock opened at $67.39 on Friday. Urban Outfitters has a 52 week low of $41.89 and a 52 week high of $84.35. The stock has a market cap of $6.04 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The company’s 50-day moving average price is $74.61 and its two-hundred day moving average price is $72.37.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data 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 company had revenue of $1.53 billion for the quarter. On average, equities analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total transaction of $657,603.18. Following the transaction, the insider owned 2,094,734 shares in the company, valued at $147,594,957.64. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the sale, the chief executive officer owned 17,633,260 shares of the company’s stock, valued at $1,242,439,499.60. The trade was a 0.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 469,333 shares of company stock valued at $36,157,534 in the last ninety days. Insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently bought and sold shares of URBN. Asset Management One Co. Ltd. increased its position in shares of Urban Outfitters by 11.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 140 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 8.0% in the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock valued at $157,000 after buying an additional 154 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Urban Outfitters by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after buying an additional 164 shares in the last quarter. Oliver Luxxe Assets LLC increased its holdings in Urban Outfitters by 0.5% during the fourth quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock worth $2,542,000 after buying an additional 181 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in Urban Outfitters by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock worth $1,205,000 after acquiring an additional 198 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.