Urban Outfitters (NASDAQ:URBN – Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a “hold” rating in a research note issued on Tuesday, Zacks reports.
URBN has been the topic of a number of other research reports. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Bank of America lifted their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wells Fargo & Company raised their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Finally, Barclays lifted their price target on Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and a consensus target price of $89.75.
Check Out Our Latest Report on URBN
Urban Outfitters Stock Performance
Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that Urban Outfitters will post 6.16 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Melanie Marein-Efron sold 5,700 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the sale, the chief financial officer directly owned 11,323 shares of the company’s stock, valued at $914,332.25. This trade represents a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Urban Outfitters
Hedge funds have recently bought and sold shares of the stock. Maryland State Retirement & Pension System lifted its position in Urban Outfitters by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock valued at $593,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC increased its position in Urban Outfitters by 10.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock worth $145,000 after purchasing an additional 188 shares during the period. Lido Advisors LLC raised its stake in shares of Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after buying an additional 193 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Urban Outfitters by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,319 shares of the apparel retailer’s stock worth $927,000 after buying an additional 231 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Urban Outfitters by 87.0% in the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.
The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.
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