Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.9091.

URBN has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Barclays reissued an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a research note on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Morgan Stanley raised their price target on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Finally, UBS Group raised their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd.

Urban Outfitters Trading Down 0.0%

Shares of URBN opened at $66.87 on Thursday. Urban Outfitters has a twelve month low of $34.76 and a twelve month high of $80.71. The company has a market cap of $6.00 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.05 and a beta of 1.26. The company’s fifty day simple moving average is $71.83 and its 200-day simple moving average is $67.36.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $70.46, for a total value of $751,596.82. Following the transaction, the chief executive officer owned 18,027,939 shares of the company’s stock, valued at $1,270,248,581.94. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Egan sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 14,250 shares in the company, valued at $999,210. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,400 shares of company stock valued at $3,118,738 in the last 90 days. Company insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in Urban Outfitters by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 2,338,215 shares of the apparel retailer’s stock valued at $169,614,000 after purchasing an additional 15,689 shares during the period. Junto Capital Management LP increased its position in Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock valued at $90,571,000 after purchasing an additional 244,801 shares during the period. Geode Capital Management LLC increased its position in Urban Outfitters by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after purchasing an additional 12,965 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Urban Outfitters by 27.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock valued at $73,212,000 after purchasing an additional 302,444 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after purchasing an additional 477,909 shares during the period. Hedge funds and other institutional investors 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.