Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of "Hold" by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $56.00.

A number of equities analysts recently commented on URBN shares. Bank of America lifted their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Robert W. Baird lifted their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, March 1st. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th.

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Urban Outfitters Stock Down 1.0 %

Shares of URBN traded down $0.54 during trading on Wednesday, reaching $53.56. The company's stock had a trading volume of 1,835,988 shares, compared to its average volume of 1,720,382. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $61.16. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.02 and a beta of 1.56. The company has a fifty day moving average of $56.06 and a two-hundred day moving average of $46.00.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, equities analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now owns 15,450 shares of the company's stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares of the company's stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,300 shares of company stock valued at $4,394,602 in the last ninety days. Company insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of URBN. Jones Financial Companies Lllp grew its position in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after acquiring an additional 250 shares during the period. Natixis Advisors LLC raised its holdings in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after purchasing an additional 252 shares in the last quarter. Finally, Quarry LP lifted its position in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after purchasing an additional 298 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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.