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 released on Thursday.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird raised their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased 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. Telsey Advisory Group boosted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Finally, Barclays raised their target price on Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. One 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.27.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $1.96 during trading hours on Thursday, hitting $56.84. The stock had a trading volume of 2,044,707 shares, compared to its average volume of 1,725,106. The stock's fifty day simple moving average is $45.31 and its 200 day simple moving average is $42.03. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.10 and a beta of 1.60. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $57.00.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the firm earned $0.88 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Urban Outfitters will post 3.88 EPS for the current year.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently modified their holdings of URBN. Evergreen Capital Management LLC raised its position in Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer's stock valued at $384,000 after buying an additional 258 shares during the period. Quarry LP lifted its position in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 354 shares during the period. Arizona State Retirement System grew its position in Urban Outfitters by 2.4% during the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer's stock valued at $697,000 after purchasing an additional 401 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Urban Outfitters by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer's stock valued at $399,000 after buying an additional 482 shares during the period. Hedge funds and other 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.