Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Recommendation of "Hold" from Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have received a consensus recommendation of "Hold" from the eleven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $50.55.

URBN has been the topic of several recent research reports. UBS Group upped their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays lifted their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Citigroup upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Bank of America boosted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th.

Urban Outfitters Trading Up 0.1 %

Shares of URBN stock traded up $0.05 during trading hours on Tuesday, hitting $55.87. The company's stock had a trading volume of 2,223,142 shares, compared to its average volume of 2,120,822. The company has a 50 day moving average of $48.68 and a 200 day moving average of $42.72. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $59.05. The stock has a market cap of $5.16 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm earned $0.88 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Blue Trust Inc. increased its holdings in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock worth $25,000 after buying an additional 354 shares during the last quarter. Quarry LP increased its stake in Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $42,000. GAMMA Investing LLC grew its holdings in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after purchasing an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth about $47,000. 77.61% of the stock is currently 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.