Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Hold” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $43.18.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Jefferies Financial Group raised their price target on shares of Urban Outfitters from $32.00 to $35.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. UBS Group raised their price target on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total value of $583,541.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 31.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds have recently modified their holdings of URBN. Deutsche Bank AG raised its holdings in shares of Urban Outfitters by 15.5% in the 3rd quarter. Deutsche Bank AG now owns 32,327 shares of the apparel retailer’s stock worth $1,057,000 after purchasing an additional 4,327 shares during the period. Invesco Ltd. grew its stake in Urban Outfitters by 12.3% in the 3rd quarter. Invesco Ltd. now owns 518,586 shares of the apparel retailer’s stock valued at $16,953,000 after buying an additional 56,871 shares in the last quarter. Hsbc Holdings PLC grew its stake in Urban Outfitters by 12.4% in the 3rd quarter. Hsbc Holdings PLC now owns 47,223 shares of the apparel retailer’s stock valued at $1,546,000 after buying an additional 5,220 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Urban Outfitters by 63.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 519,544 shares of the apparel retailer’s stock valued at $16,984,000 after buying an additional 201,821 shares in the last quarter. Finally, Teza Capital Management LLC grew its stake in Urban Outfitters by 224.9% in the 3rd quarter. Teza Capital Management LLC now owns 34,565 shares of the apparel retailer’s stock valued at $1,130,000 after buying an additional 23,925 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

URBN stock opened at $42.75 on Friday. The stock has a market capitalization of $3.99 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The company’s 50-day moving average is $41.82 and its 200-day moving average is $40.77. Urban Outfitters has a 1 year low of $30.05 and a 1 year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts anticipate that Urban Outfitters will post 3.57 earnings per share for the current fiscal year.

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.