BidaskClub Upgrades Urban Outfitters (NASDAQ:URBN) to “Sell”

BidaskClub upgraded shares of Urban Outfitters (NASDAQ:URBN) from a strong sell rating to a sell rating in a research note published on Tuesday, BidAskClub reports.

URBN has been the topic of a number of other research reports. TheStreet lowered shares of Urban Outfitters from a b- rating to a c+ rating in a research note on Thursday, May 30th. Telsey Advisory Group restated a market perform rating and set a $29.00 price target (down previously from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. Robert W. Baird restated an outperform rating and set a $127.00 price target (down previously from $133.00) on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Deutsche Bank set a $33.00 price target on shares of Urban Outfitters and gave the company a hold rating in a research note on Monday, June 10th. Finally, Wells Fargo & Co restated a hold rating and set a $175.00 price target on shares of Advance Auto Parts in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $37.49.

NASDAQ URBN opened at $23.38 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.76. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.86 and a beta of 0.73. The stock’s 50 day moving average price is $23.40. Urban Outfitters has a 52 week low of $22.19 and a 52 week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $864.41 million during the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. During the same quarter in the previous year, the business posted $0.38 EPS. Analysts anticipate that Urban Outfitters will post 2.43 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its holdings in shares of Urban Outfitters by 31.3% in the 4th quarter. Macquarie Group Ltd. now owns 67,129 shares of the apparel retailer’s stock valued at $2,229,000 after acquiring an additional 16,000 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Urban Outfitters by 73.1% in the 4th quarter. Stifel Financial Corp now owns 36,306 shares of the apparel retailer’s stock valued at $1,206,000 after acquiring an additional 15,327 shares during the last quarter. Sapience Investments LLC purchased a new stake in Urban Outfitters during the first quarter worth $5,131,000. Accident Compensation Corp purchased a new stake in Urban Outfitters during the first quarter worth $1,307,000. Finally, Skylands Capital LLC boosted its holdings in Urban Outfitters by 259.3% during the first quarter. Skylands Capital LLC now owns 252,250 shares of the apparel retailer’s stock worth $7,477,000 after buying an additional 182,050 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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