Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Moderate Buy” by Analysts

Urban Outfitters, Inc. (NASDAQ:URBN) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $89.7273.

A number of equities analysts have commented on URBN shares. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Barclays cut their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a research report on Monday, July 6th. Finally, Jefferies Financial Group boosted their price target on Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th.

Urban Outfitters Stock Down 2.7%

Shares of NASDAQ:URBN opened at $74.59 on Wednesday. Urban Outfitters has a 12-month low of $59.53 and a 12-month high of $84.35. The company’s 50 day moving average price is $73.83 and its two-hundred day moving average price is $70.55. The firm has a market cap of $6.39 billion, a PE ratio of 14.32, a PEG ratio of 1.44 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. On average, research analysts expect that Urban Outfitters will post 6.13 EPS for the current year.

Insider Activity

In other news, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $27,000. Brown Brothers Harriman & Co. increased its position in Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. Allworth Financial LP bought a new position in Urban Outfitters in the 2nd quarter valued at approximately $31,000. Finally, Transamerica Financial Advisors LLC boosted its position in Urban Outfitters by 566.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 374 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

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.