Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of “Hold” by Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $86.25.

Several equities analysts have commented on URBN shares. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research report on Thursday, February 26th. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Wells Fargo & Company lowered their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Finally, UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the sale, the insider owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. This trade represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,682 shares of company stock valued at $3,160,808 in the last 90 days. Company insiders own 32.10% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Global Investments bought a new stake in Urban Outfitters during the 1st quarter valued at about $252,000. Dimensional Fund Advisors LP lifted its holdings in Urban Outfitters by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after buying an additional 338,622 shares in the last quarter. Aurora Investment Counsel bought a new stake in Urban Outfitters during the 1st quarter valued at about $2,409,000. Bessemer Group Inc. lifted its holdings in Urban Outfitters by 0.7% during the 1st quarter. Bessemer Group Inc. now owns 41,147 shares of the apparel retailer’s stock valued at $2,607,000 after buying an additional 296 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Urban Outfitters by 31.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 384,958 shares of the apparel retailer’s stock valued at $24,530,000 after buying an additional 91,394 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Up 1.5%

URBN stock opened at $71.50 on Monday. Urban Outfitters has a 52 week low of $51.30 and a 52 week high of $84.35. The company has a fifty day simple moving average of $66.94 and a two-hundred day simple moving average of $69.84. The firm has a market capitalization of $6.12 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $1.04 earnings per share. Urban Outfitters’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters will post 5.84 EPS for the current year.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.