BidaskClub Lowers Urban Outfitters (NASDAQ:URBN) to Sell

BidaskClub lowered shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

A number of other analysts also recently weighed in on URBN. Jefferies Financial Group restated a buy rating and issued a $20.00 price target on shares of Urban Outfitters in a research note on Friday, May 15th. ValuEngine upgraded Urban Outfitters from a hold rating to a buy rating in a research report on Monday, June 1st. Wedbush decreased their target price on Urban Outfitters from $25.00 to $18.00 and set a neutral rating on the stock in a research report on Monday, May 18th. B. Riley reiterated a hold rating and set a $15.00 target price on shares of Urban Outfitters in a research report on Wednesday, May 20th. Finally, MKM Partners reduced their price objective on Urban Outfitters from $23.00 to $15.00 and set a neutral rating on the stock in a research report on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $20.56.

Shares of Urban Outfitters stock opened at $15.22 on Tuesday. The business has a 50-day moving average of $17.53 and a 200 day moving average of $21.10. Urban Outfitters has a 12 month low of $12.28 and a 12 month high of $31.41. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -380.50 and a beta of 1.27. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.77 and a quick ratio of 1.27.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($1.15). The business had revenue of $588.50 million for the quarter, compared to analysts’ expectations of $637.99 million. Urban Outfitters had a positive return on equity of 2.65% and a negative net margin of 0.08%. Urban Outfitters’s revenue for the quarter was down 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Equities research analysts anticipate that Urban Outfitters will post -0.94 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Urban Outfitters by 3.2% in the first quarter. State Street Corp now owns 2,199,487 shares of the apparel retailer’s stock valued at $31,321,000 after buying an additional 67,883 shares in the last quarter. Royal Bank of Canada boosted its holdings in Urban Outfitters by 25.4% in the first quarter. Royal Bank of Canada now owns 51,911 shares of the apparel retailer’s stock valued at $738,000 after purchasing an additional 10,525 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Urban Outfitters by 29.2% in the first quarter. New Mexico Educational Retirement Board now owns 16,835 shares of the apparel retailer’s stock valued at $240,000 after purchasing an additional 3,800 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in Urban Outfitters by 10.3% in the first quarter. State of Tennessee Treasury Department now owns 6,338 shares of the apparel retailer’s stock valued at $90,000 after purchasing an additional 593 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in Urban Outfitters by 191.7% in the first quarter. Maverick Capital Ltd. now owns 104,709 shares of the apparel retailer’s stock valued at $1,491,000 after purchasing an additional 68,810 shares during the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.

Urban Outfitters Company Profile

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.

See Also: What is a stock split?

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.