Urban Outfitters (NASDAQ:URBN) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research note published on Wednesday.

Several other research analysts have also issued reports on the stock. Robert W. Baird raised their price target on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a neutral rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a market perform rating in a report on Thursday, February 29th. UBS Group raised their price target on shares of Urban Outfitters from $42.00 to $43.00 and gave the stock a neutral rating in a report on Thursday, May 16th. Barclays raised their price target on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock an overweight rating in a report on Wednesday. Finally, Telsey Advisory Group raised their price target on shares of Urban Outfitters from $48.00 to $49.00 and gave the stock an outperform rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $42.82.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $41.75 on Wednesday. The company has a 50 day simple moving average of $40.72 and a 200 day simple moving average of $39.31. The firm has a market cap of $3.89 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. Urban Outfitters has a 1 year low of $30.05 and a 1 year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. As a group, research analysts anticipate that Urban Outfitters will post 3.55 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the sale, the insider now owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction on Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the sale, the chief financial officer now owns 6,908 shares of the company’s stock, valued at approximately $291,724.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the completion of the sale, the insider now directly owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock valued at $757,483 in the last quarter. 31.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently bought and sold shares of URBN. Parallel Advisors LLC boosted its holdings in Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 417 shares during the last quarter. Spire Wealth Management boosted its holdings in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 1,110 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Urban Outfitters during the 3rd quarter worth $81,000. DekaBank Deutsche Girozentrale purchased a new position in Urban Outfitters during the 3rd quarter worth $112,000. Finally, Headlands Technologies LLC purchased a new position in Urban Outfitters during the 4th quarter worth $150,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.