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

Urban Outfitters (NASDAQ:URBN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird upped their price target 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. Barclays increased their target price on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Telsey Advisory Group upped their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.27.

Urban Outfitters Stock Down 0.5 %

Shares of URBN stock opened at $54.88 on Thursday. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $56.37. The firm has a fifty day moving average of $45.31 and a 200-day moving average of $42.03. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that Urban Outfitters will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC raised its position in shares of Urban Outfitters by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after purchasing an additional 258 shares during the period. Quarry LP lifted its stake in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the last quarter. Blue Trust Inc. lifted its holdings in 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 period. Arizona State Retirement System grew its position in shares of Urban Outfitters by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after buying an additional 401 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Urban Outfitters by 5.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock valued at $399,000 after buying an additional 482 shares during the period. Institutional investors own 77.61% of the company’s stock.

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.