Urban Outfitters (NASDAQ:URBN) Rating Lowered to “Hold” at Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages have also recently commented on URBN. Wells Fargo & Company reduced 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. Guggenheim assumed coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Robert W. Baird set a $93.00 price objective on shares of Urban Outfitters in a research note on Wednesday, December 17th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $64.57 on Friday. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.25 and a beta of 1.20. The stock’s 50 day moving average price is $66.82 and its two-hundred day moving average price is $69.90. Urban Outfitters has a 52 week low of $41.89 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $74.35, for a total transaction of $793,091.45. Following the transaction, the chief executive officer directly owned 17,675,928 shares in the company, valued at approximately $1,314,205,246.80. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 273,517 shares of company stock worth $19,864,530 in the last 90 days. 31.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its holdings in shares of Urban Outfitters by 1.9% in the 4th 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. Salomon & Ludwin LLC grew its holdings in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC increased its position in Urban Outfitters by 8.0% during the fourth quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after buying an additional 154 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Urban Outfitters by 1.6% during the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock worth $749,000 after buying an additional 164 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in Urban Outfitters by 0.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock valued at $2,542,000 after buying an additional 181 shares during the period. 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.