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

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

Other equities analysts also recently issued reports about the company. Morgan Stanley raised their price objective on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $59.00 in a research report on Wednesday. Barclays increased their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. One equities 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $48.73 on Thursday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50. Urban Outfitters has a one year low of $33.86 and a one year high of $49.48. The company has a 50 day moving average price of $37.64 and a 200 day moving average price of $40.16.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.28. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. As a group, equities analysts forecast that Urban Outfitters will post 3.79 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction that occurred 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 filing with the SEC, which is available through this link. 31.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban Outfitters

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP raised its stake in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters during the second quarter worth about $42,000. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter worth about $47,000. Finally, Meeder Asset Management Inc. bought a new stake in Urban Outfitters in the second quarter valued at about $48,000. Institutional investors and hedge funds 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.