Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned an average rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $38.15.
Several brokerages have recently commented on URBN. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the company a “hold” rating in a research note on Monday. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. MKM Partners decreased their price target on Urban Outfitters to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. Robert W. Baird decreased their price target on Urban Outfitters from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Co decreased their price target on Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 22nd.
NASDAQ:URBN traded down $0.19 during trading hours on Wednesday, hitting $22.78. The company had a trading volume of 2,087,446 shares, compared to its average volume of 2,946,080. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 0.75. The stock has a market cap of $2.38 billion, a P/E ratio of 8.28, a PEG ratio of 0.86 and a beta of 0.77. Urban Outfitters has a 1 year low of $22.19 and a 1 year high of $52.50.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The business had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities analysts anticipate that Urban Outfitters will post 2.43 earnings per share for the current year.
In related news, Director Joel S. Lawson III sold 10,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $29.31, for a total transaction of $293,100.00. Following the transaction, the director now owns 17,000 shares of the company’s stock, valued at approximately $498,270. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Trish Donnelly sold 9,144 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $34.00, for a total value of $310,896.00. Following the transaction, the chief executive officer now directly owns 10,295 shares in the company, valued at approximately $350,030. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,450 shares of company stock worth $1,872,124. 24.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Accident Compensation Corp purchased a new position in Urban Outfitters during the 1st quarter worth approximately $1,307,000. Cerebellum GP LLC grew its stake in Urban Outfitters by 47.5% during the 1st quarter. Cerebellum GP LLC now owns 11,523 shares of the apparel retailer’s stock worth $342,000 after buying an additional 3,709 shares during the last quarter. FMR LLC grew its stake in Urban Outfitters by 6.4% during the 1st quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock worth $179,186,000 after buying an additional 363,325 shares during the last quarter. Dana Investment Advisors Inc. grew its stake in Urban Outfitters by 2.3% during the 1st quarter. Dana Investment Advisors Inc. now owns 63,299 shares of the apparel retailer’s stock worth $1,876,000 after buying an additional 1,452 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Urban Outfitters by 23.2% during the 1st quarter. Hsbc Holdings PLC now owns 63,190 shares of the apparel retailer’s stock worth $1,873,000 after buying an additional 11,901 shares during the last quarter. 73.59% of the stock is currently owned by hedge funds and other institutional investors.
About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual 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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