Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Hold” by Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $43.18.

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. UBS Group increased their target price on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Morgan Stanley boosted their price target on Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, May 23rd. Jefferies Financial Group lifted their target price on Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a report on Wednesday, May 22nd. Finally, Barclays boosted their target price on shares of Urban Outfitters from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, June 18th.

Urban Outfitters Stock Up 1.0 %

NASDAQ:URBN opened at $43.16 on Friday. Urban Outfitters has a 12-month low of $30.05 and a 12-month high of $47.29. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.05 and a beta of 1.51. The stock’s 50 day moving average price is $41.99 and its two-hundred day moving average price is $40.80.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Urban Outfitters will post 3.57 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction of $583,541.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Woodson Capital Management LP acquired a new position in shares of Urban Outfitters during the 1st quarter worth $27,233,000. Tidal Investments LLC raised its stake in Urban Outfitters by 5.8% during the first quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock worth $807,000 after acquiring an additional 1,016 shares in the last quarter. Interval Partners LP bought a new position in shares of Urban Outfitters in the first quarter worth about $2,992,000. Caxton Associates LP acquired a new stake in shares of Urban Outfitters in the 1st quarter valued at approximately $680,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Urban Outfitters by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock valued at $1,442,000 after purchasing an additional 2,307 shares during the last quarter. 77.61% of the stock is currently owned by 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.