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

Urban Outfitters, Inc. (NASDAQ:URBN) has received a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $42.30.

Several analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley decreased their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Telsey Advisory Group cut shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Bank of America reduced their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th.

Insider Activity

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently made changes to their positions in URBN. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the third quarter valued at approximately $47,000. Ground Swell Capital LLC purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at $223,000. James Investment Research Inc. boosted its holdings in shares of Urban Outfitters by 33.2% in the 3rd quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock valued at $403,000 after acquiring an additional 2,620 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Urban Outfitters by 26.9% in the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 785 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Urban Outfitters by 80.9% during the third quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock valued at $5,339,000 after purchasing an additional 62,343 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $36.52 on Thursday. The business’s 50 day moving average price is $36.67 and its 200-day moving average price is $40.24. Urban Outfitters has a fifty-two week low of $31.37 and a fifty-two week high of $48.90. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.85 and a beta of 1.49.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts predict that Urban Outfitters will post 3.63 earnings per share for the current year.

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.