Urban Outfitters (NASDAQ:URBN - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.
Several other brokerages have also issued reports on URBN. Barclays increased their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday. Bank of America increased their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and increased their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Robert W. Baird increased their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday. 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, Urban Outfitters currently has an average rating of "Hold" and a consensus price target of $56.00.
Get Our Latest Analysis on URBN
Urban Outfitters Stock Up 1.6 %
NASDAQ URBN traded up $0.94 on Friday, hitting $58.19. The company's stock had a trading volume of 3,008,294 shares, compared to its average volume of 1,923,395. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $60.90. The company's 50-day moving average is $55.91 and its 200 day moving average is $45.62. The firm has a market cap of $5.37 billion, a PE ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. On average, equities analysts expect that Urban Outfitters will post 3.91 EPS for the current year.
Insider Buying and Selling at Urban Outfitters
In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 31.80% of the company's stock.
Institutional Trading of Urban Outfitters
A number of large investors have recently added to or reduced their stakes in URBN. Blue Trust Inc. increased its holdings in Urban Outfitters by 138.8% during the third 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. Farther Finance Advisors LLC increased its stake in shares of Urban Outfitters by 26.9% in the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 785 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Urban Outfitters by 33.2% in the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer's stock worth $403,000 after purchasing an additional 2,620 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of Urban Outfitters in the third quarter worth about $223,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters in the third quarter worth about $47,000. Hedge funds and other institutional investors own 77.61% of the company's stock.
About Urban Outfitters
(
Get Free Report)
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.
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