Urban Outfitters (NASDAQ:URBN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Other research analysts also recently issued reports about the company. Robert W. Baird lifted their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Bank of America boosted their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their price target on Urban Outfitters from $48.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Barclays boosted their price target on Urban Outfitters from $51.00 to $63.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $38.00 to $41.00 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, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $51.64.

Urban Outfitters Stock Up 3.4 %

Shares of NASDAQ:URBN traded up $1.80 during mid-day trading on Friday, reaching $55.01. 2,236,234 shares of the stock were exchanged, compared to its average volume of 1,416,842. The company has a market cap of $5.08 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55. Urban Outfitters has a one year low of $33.86 and a one year high of $59.05. The stock's 50 day simple moving average is $50.10 and its 200-day simple moving average is $43.07.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.25. The business 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%. Urban Outfitters's quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. Analysts anticipate that Urban Outfitters will post 3.89 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares of the company's stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URBN. Commonwealth Equity Services LLC raised its stake in Urban Outfitters by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer's stock worth $399,000 after buying an additional 482 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Urban Outfitters by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 99,121 shares of the apparel retailer's stock worth $4,069,000 after purchasing an additional 3,327 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Urban Outfitters by 60.7% in the second quarter. Hsbc Holdings PLC now owns 23,577 shares of the apparel retailer's stock worth $971,000 after purchasing an additional 8,904 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Urban Outfitters in the second quarter worth approximately $224,000. Finally, ProShare Advisors LLC raised its stake in shares of Urban Outfitters by 52.4% in the second quarter. ProShare Advisors LLC now owns 19,374 shares of the apparel retailer's stock worth $795,000 after purchasing an additional 6,662 shares during the last quarter. 77.61% of the stock is 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.