BidaskClub Lowers Urban Outfitters (URBN) to Buy

BidaskClub cut shares of Urban Outfitters (NASDAQ:URBN) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Other equities analysts have also recently issued reports about the company. Deutsche Bank boosted their target price on Urban Outfitters from $32.00 to $35.00 and gave the company a sell rating in a research note on Tuesday, June 12th. KeyCorp reissued a positive rating and set a $45.00 target price (up from $36.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Robert W. Baird reissued a buy rating and set a $42.00 target price (up from $39.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Loop Capital set a $47.00 target price on Urban Outfitters and gave the company a buy rating in a research note on Wednesday, May 23rd. Finally, Royal Bank of Canada set a $46.00 target price on Urban Outfitters and gave the company a hold rating in a research note on Tuesday, June 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $40.83.

Shares of Urban Outfitters stock opened at $45.52 on Friday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.53 and a beta of 0.52. Urban Outfitters has a one year low of $16.68 and a one year high of $48.24.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.08. Urban Outfitters had a return on equity of 16.13% and a net margin of 3.71%. The business had revenue of $855.70 million for the quarter, compared to analysts’ expectations of $837.79 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. equities analysts predict that Urban Outfitters will post 2.49 earnings per share for the current fiscal year.

In other news, Director Joel S. Lawson III sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at $782,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott A. Belair sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $36.56, for a total value of $1,096,800.00. Following the transaction, the director now directly owns 2,470,000 shares in the company, valued at $90,303,200. The disclosure for this sale can be found here. Insiders sold 389,530 shares of company stock worth $15,240,008 over the last three months. Corporate insiders own 25.90% of the company’s stock.

Several large investors have recently made changes to their positions in URBN. Schwab Charles Investment Management Inc. lifted its holdings in shares of Urban Outfitters by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 357,895 shares of the apparel retailer’s stock valued at $12,548,000 after purchasing an additional 21,781 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after purchasing an additional 1,522 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Urban Outfitters by 14.8% during the fourth quarter. Aperio Group LLC now owns 32,425 shares of the apparel retailer’s stock valued at $1,137,000 after purchasing an additional 4,185 shares in the last quarter. ING Groep NV lifted its holdings in shares of Urban Outfitters by 21.4% during the fourth quarter. ING Groep NV now owns 12,087 shares of the apparel retailer’s stock valued at $424,000 after purchasing an additional 2,133 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Urban Outfitters during the fourth quarter valued at $942,000. 70.82% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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