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

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

A number of other equities analysts have also recently issued reports on the company. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Finally, Barclays increased their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $55.18.

Urban Outfitters Stock Performance

Shares of URBN stock traded up $0.82 during trading hours on Tuesday, hitting $51.66. 579,561 shares of the company were exchanged, compared to its average volume of 1,869,120. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The company has a 50 day simple moving average of $51.37 and a two-hundred day simple moving average of $49.19. The firm has a market cap of $4.79 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.02 and a beta of 1.37.

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

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,976 shares of company stock valued at $1,663,713. Company insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of URBN. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Urban Outfitters by 183,272.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock worth $60,079,000 after acquiring an additional 1,094,134 shares during the period. Proficio Capital Partners LLC grew its holdings in Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after buying an additional 859,886 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in Urban Outfitters during the 1st quarter valued at about $40,544,000. Norges Bank purchased a new stake in shares of Urban Outfitters in the fourth quarter worth about $31,605,000. Finally, Wealthfront Advisers LLC bought a new position in shares of Urban Outfitters in the fourth quarter valued at approximately $21,140,000. 77.61% of the stock is owned by institutional investors.

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.