Urban Outfitters (NASDAQ:URBN) Downgraded to “Buy” Rating by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Other research analysts have also issued research reports about the company. UBS Group upped their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, September 2nd. Jefferies Financial Group upgraded Urban Outfitters from an “underperform” rating to a “hold” rating and increased their target price for the company from $50.00 to $70.00 in a research note on Friday, June 6th. Barclays restated an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a research note on Friday, August 29th. Wells Fargo & Company raised their price target on Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised their target price on Urban Outfitters from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $81.91.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $72.25 on Friday. Urban Outfitters has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The stock has a fifty day moving average of $73.90 and a 200-day moving average of $65.34. The stock has a market cap of $6.48 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $1.24 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the sale, the director owned 14,250 shares in the company, valued at $999,210. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently made changes to their positions in URBN. Whipplewood Advisors LLC grew its position in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 463 shares during the period. Hollencrest Capital Management purchased a new position in Urban Outfitters in the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. lifted its stake in Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 301 shares in the last quarter. Federated Hermes Inc. lifted its stake in Urban Outfitters by 17,175.0% in the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 687 shares in the last quarter. Finally, Kilter Group LLC acquired a new stake in Urban Outfitters in the 2nd quarter valued at about $36,000. 77.61% of the stock is owned by institutional investors and hedge funds.

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.