Urban Outfitters (NASDAQ:URBN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a report released on Saturday.

Several other brokerages have also weighed in on URBN. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday. Robert W. Baird lifted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Bank of America lifted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Price Performance

Shares of URBN stock opened at $58.19 on Friday. The firm has a market cap of $5.37 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.02 and a beta of 1.54. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90. The firm has a fifty day moving average of $55.91 and a two-hundred day moving average of $45.57.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, sell-side analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at $29,245,063.76. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its position in shares of Urban Outfitters by 183,272.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer’s stock worth $60,079,000 after buying an additional 1,094,134 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock worth $48,038,000 after buying an additional 859,886 shares in the last quarter. Norges Bank bought a new stake in shares of Urban Outfitters during the 4th quarter worth about $31,605,000. Wealthfront Advisers LLC bought a new stake in shares of Urban Outfitters during the 4th quarter worth about $21,140,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Urban Outfitters during the 4th quarter worth about $18,513,000. 77.61% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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.