Urban Outfitters (NASDAQ:URBN) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts have also recently weighed in on URBN. JPMorgan Chase & Co. upped their target price on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday, December 8th. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Finally, Guggenheim started coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.17.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $82.70 on Friday. The firm has a market capitalization of $7.42 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20. The business has a 50 day simple moving average of $68.95 and a two-hundred day simple moving average of $71.27. Urban Outfitters has a 1 year low of $41.89 and a 1 year high of $83.94.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. The firm had revenue of $1.53 billion during the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. Equities research analysts expect that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the sale, the chief executive officer directly owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. The trade was a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $73.97, for a total value of $690,362.01. Following the sale, the insider directly owned 2,402,723 shares in the company, valued at $177,729,420.31. The trade was a 0.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 192,733 shares of company stock valued at $14,549,552. Corporate insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of large investors have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. lifted its holdings in shares of Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after acquiring an additional 873,008 shares during the period. Capital World Investors acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth about $60,795,000. Nuveen LLC acquired a new stake in shares of Urban Outfitters during the 1st quarter worth about $43,769,000. Norges Bank bought a new position in Urban Outfitters during the 2nd quarter valued at about $55,429,000. Finally, Balyasny Asset Management L.P. boosted its position in Urban Outfitters by 5,360.2% in the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.