Urban Outfitters (NASDAQ:URBN) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a report issued on Wednesday,Benzinga reports. They currently have a $44.00 price objective on the apparel retailer’s stock.

A number of other research analysts have also recently commented on the company. BMO Capital Markets lowered their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Wells Fargo & Company dropped their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley reduced their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Bank of America lowered their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Barclays cut their price objective on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $42.27.

Urban Outfitters Trading Up 4.3 %

Shares of NASDAQ URBN opened at $38.98 on Wednesday. The firm has a fifty day simple moving average of $37.11 and a two-hundred day simple moving average of $40.07. Urban Outfitters has a 12 month low of $31.41 and a 12 month high of $48.90. The firm has a market capitalization of $3.60 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.88 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $1.10 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Urban Outfitters will post 3.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. UniSuper Management Pty Ltd purchased a new position in shares of Urban Outfitters during the first quarter valued at approximately $537,000. Harbor Capital Advisors Inc. raised its stake in Urban Outfitters by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after buying an additional 34,350 shares during the last quarter. Wesbanco Bank Inc. bought a new position in shares of Urban Outfitters during the 2nd quarter valued at $582,000. Nisa Investment Advisors LLC boosted its stake in shares of Urban Outfitters by 5.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after buying an additional 531 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Urban Outfitters in the third quarter worth $2,143,000. Institutional investors own 77.61% 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 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.