Urban Outfitters (NASDAQ:URBN) Downgraded by StockNews.com to Hold

Urban Outfitters (NASDAQ:URBN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Several other analysts have also recently commented on URBN. Bank of America increased their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price target on Urban Outfitters from $40.00 to $48.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $49.64.

Urban Outfitters Stock Performance

Shares of URBN traded down $0.14 during trading hours on Friday, reaching $56.96. 2,667,541 shares of the company traded hands, compared to its average volume of 1,891,469. The stock's fifty day moving average is $47.86 and its 200 day moving average is $42.56. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $59.05. The stock has a market cap of $5.26 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.88 earnings per share. Urban Outfitters's revenue was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Urban Outfitters will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. GAMMA Investing LLC grew its position in 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 during the last quarter. Quarry LP raised 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 in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the second quarter worth about $42,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $48,000. 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.