Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $87.1818.

Several analysts have recently commented on URBN shares. Wells Fargo & Company decreased their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Barclays reduced their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 32.10% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its holdings in Urban Outfitters by 316.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 187,660 shares of the apparel retailer’s stock worth $13,405,000 after buying an additional 142,600 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Urban Outfitters in the 3rd quarter worth about $4,104,000. Optimize Financial Inc acquired a new stake in Urban Outfitters in the 3rd quarter worth about $602,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Urban Outfitters by 17.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer’s stock worth $19,983,000 after buying an additional 41,559 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock worth $262,578,000 after buying an additional 142,909 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Trading Down 0.4%

Shares of URBN opened at $74.85 on Friday. Urban Outfitters has a 12 month low of $59.53 and a 12 month high of $84.35. The stock has a fifty day moving average price of $68.65 and a 200-day moving average price of $70.41. The firm has a market cap of $6.41 billion, a PE ratio of 14.37, a P/E/G ratio of 1.43 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters will post 5.97 EPS for the current year.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.