Urban Outfitters (NASDAQ:URBN) Stock Rating Lowered by StockNews.com

Urban Outfitters (NASDAQ:URBN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other research analysts have also recently issued reports on the company. Robert W. Baird lifted their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Barclays boosted their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their price objective on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.10 during midday trading on Wednesday, reaching $54.55. 577,280 shares of the company traded hands, compared to its average volume of 1,732,333. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $55.99. The stock’s 50-day simple moving average is $43.44 and its 200-day simple moving average is $41.60. The firm has a market cap of $5.03 billion, a PE ratio of 15.63, a PEG ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Urban Outfitters will post 3.88 EPS for the current year.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Urban Outfitters by 21.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,582 shares of the apparel retailer’s stock valued at $640,000 after acquiring an additional 2,740 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Urban Outfitters by 5.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,775 shares of the apparel retailer’s stock valued at $524,000 after buying an additional 668 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Urban Outfitters by 27.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 420,930 shares of the apparel retailer’s stock worth $17,279,000 after buying an additional 89,411 shares during the period. Innealta Capital LLC acquired a new position in Urban Outfitters in the second quarter valued at about $70,000. Finally, Signaturefd LLC increased its holdings in shares of Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock worth $92,000 after acquiring an additional 299 shares in the last quarter. 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.