Urban Outfitters (NASDAQ:URBN) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Urban Outfitters (NASDAQ:URBN - Free Report) in a research note released on Wednesday, Benzinga reports. The firm currently has a $49.00 price objective on the apparel retailer's stock.

Other research analysts also recently issued reports about the company. UBS Group increased their target price on Urban Outfitters from $43.00 to $45.00 and gave the company a neutral rating in a research report on Tuesday, May 28th. Morgan Stanley raised their price target on Urban Outfitters from $39.00 to $40.00 and gave the stock an equal weight rating in a research report on Thursday, May 23rd. Barclays raised their price target on Urban Outfitters from $50.00 to $52.00 and gave the stock an overweight rating in a research report on Tuesday, June 18th. Robert W. Baird raised their price target on Urban Outfitters from $48.00 to $50.00 and gave the stock a neutral rating in a research report on Wednesday, May 22nd. Finally, StockNews.com downgraded Urban Outfitters from a buy rating to a hold rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $43.18.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded down $1.33 during midday trading on Wednesday, reaching $39.52. 1,854,775 shares of the stock traded hands, compared to its average volume of 1,620,570. The stock has a market capitalization of $3.69 billion, a PE ratio of 12.63, a P/E/G ratio of 1.00 and a beta of 1.51. Urban Outfitters has a one year low of $30.05 and a one year high of $48.90. The company's 50 day moving average is $43.71 and its 200 day moving average is $42.13.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. As a group, equities analysts forecast that Urban Outfitters will post 3.57 EPS for the current year.

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm's stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the transaction, the director now owns 565,296 shares in the company, valued at $27,303,796.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Azeez Hayne sold 13,967 shares of the firm's stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total transaction of $583,541.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm's stock in a transaction on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the transaction, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 417 shares during the last quarter. Spire Wealth Management grew its stake in Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Urban Outfitters in the second quarter valued at about $48,000. Innealta Capital LLC purchased a new position in Urban Outfitters in the second quarter valued at about $70,000. Finally, CWM LLC grew its stake in Urban Outfitters by 165.6% in the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer's stock valued at $86,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Company Profile

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