Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by Morgan Stanley

Urban Outfitters (NASDAQ:URBN - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report released on Tuesday, Marketbeat reports. The brokerage presently has a $63.00 price objective on the apparel retailer's stock, up from their previous price objective of $41.00. Morgan Stanley's price target suggests a potential upside of 4.24% from the stock's previous close.

URBN has been the subject of several other research reports. Citigroup upgraded 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 note on Wednesday, November 27th. Bank of America raised their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Robert W. Baird raised their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group boosted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.64.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded up $5.43 during mid-day trading on Tuesday, reaching $60.44. The company had a trading volume of 3,270,943 shares, compared to its average volume of 2,241,245. The stock has a market capitalization of $5.58 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.14 and a beta of 1.55. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $60.57. The stock's 50 day moving average is $50.43 and its 200-day moving average is $43.15.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. On average, sell-side analysts anticipate that Urban Outfitters will post 3.9 EPS for the current year.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now owns 510,296 shares of the company's stock, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.80% of the company's stock.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Urban Outfitters by 138.8% in 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 lifted its stake 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 increased its stake in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $42,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds 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.