BidaskClub Lowers Urban Outfitters (NASDAQ:URBN) to Hold

Urban Outfitters (NASDAQ:URBN) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday, BidAskClub reports.

Other research analysts also recently issued reports about the stock. William Blair restated a “hold” rating on shares of Urban Outfitters in a research report on Wednesday, November 20th. Deutsche Bank reduced their price target on shares of Urban Outfitters from $28.00 to $26.00 in a research report on Wednesday, November 27th. Barclays restated a “neutral” rating on shares of Urban Outfitters in a research report on Thursday, November 21st. Wells Fargo & Co upgraded shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $30.00 in a research report on Monday, September 30th. Finally, Wolfe Research reduced their price target on shares of Urban Outfitters from $30.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 21st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Urban Outfitters presently has an average rating of “Hold” and an average price target of $29.50.

Shares of URBN stock opened at $25.18 on Thursday. The firm has a fifty day moving average of $28.19 and a two-hundred day moving average of $24.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 0.82. Urban Outfitters has a 1-year low of $19.63 and a 1-year high of $38.59. The firm has a market cap of $2.42 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.15 and a beta of 0.71.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). Urban Outfitters had a return on equity of 16.67% and a net margin of 5.96%. The business had revenue of $987.47 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts expect that Urban Outfitters will post 2.19 EPS for the current year.

Large investors have recently modified their holdings of the stock. Kistler Tiffany Companies LLC bought a new stake in Urban Outfitters in the 3rd quarter valued at about $33,000. Compagnie Lombard Odier SCmA bought a new stake in Urban Outfitters in the 2nd quarter valued at about $46,000. Signaturefd LLC lifted its position in Urban Outfitters by 71.4% in the 2nd quarter. Signaturefd LLC now owns 2,112 shares of the apparel retailer’s stock valued at $48,000 after purchasing an additional 880 shares during the last quarter. Parallel Advisors LLC lifted its position in Urban Outfitters by 228.2% in the 3rd quarter. Parallel Advisors LLC now owns 3,321 shares of the apparel retailer’s stock valued at $93,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Urban Outfitters by 37.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,480 shares of the apparel retailer’s stock valued at $80,000 after purchasing an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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