Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by StockNews.com

Urban Outfitters (NASDAQ:URBNGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Bank of America lifted their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.27.

Get Our Latest Stock Report on URBN

Urban Outfitters Stock Down 1.3 %

Shares of URBN opened at $49.98 on Friday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.06 and a beta of 1.60. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $52.68. The stock’s 50-day moving average price is $39.19 and its 200-day moving average price is $40.54.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, equities analysts anticipate that Urban Outfitters will post 3.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares during the last quarter. Quarry LP boosted its stake in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the 2nd quarter worth $42,000. Meeder Asset Management Inc. acquired a new position in Urban Outfitters in the second quarter valued at $48,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters in the third quarter valued at about $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

(Get Free Report)

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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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