Urban Outfitters (NASDAQ:URBN) Rating Lowered to “Hold” at StockNews.com

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

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Citigroup lowered their target price on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, UBS Group upped their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.18.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $50.22 on Tuesday. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The firm has a 50-day moving average of $51.48 and a two-hundred day moving average of $49.10. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Research analysts expect that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock worth $1,663,713 in the last three months. Corporate insiders own 31.80% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the business. Friedenthal Financial acquired a new stake in shares of Urban Outfitters in the fourth quarter worth $765,000. Allspring Global Investments Holdings LLC grew its position in Urban Outfitters by 1,016.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after purchasing an additional 119,820 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after buying an additional 35,615 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer’s stock valued at $38,754,000 after buying an additional 51,657 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after buying an additional 60,697 shares during the last quarter. Institutional investors and hedge funds 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.