Urban Outfitters Inc. (NASDAQ:URBN) was downgraded by analysts at Vetr from a “buy” rating to a “strong sell” rating in a research note issued on Tuesday. They presently have a $33.77 price target on the apparel retailer’s stock. Vetr‘s target price indicates a potential downside of 13.68% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and raised their target price for the company from $36.00 to $43.00 in a research note on Wednesday, September 7th. Stifel Nicolaus raised their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Piper Jaffray Cos. reissued a “fair value” rating and set a $42.00 price target (up from $32.00) on shares of Urban Outfitters in a research note on Wednesday, August 17th. Deutsche Bank AG lifted their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Finally, Jefferies Group lifted their price target on shares of Urban Outfitters from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and an average target price of $35.90.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Shares of Urban Outfitters (NASDAQ:URBN) opened at 39.12 on Tuesday. The stock has a 50 day moving average of $34.87 and a 200-day moving average of $31.65. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 20.14 and a beta of 0.69. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The business had revenue of $890.57 million for the quarter, compared to the consensus estimate of $886.39 million. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. Urban Outfitters’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Analysts forecast that Urban Outfitters will post $2.06 earnings per share for the current year.

In other news, CFO Frank Conforti sold 4,000 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the completion of the sale, the chief financial officer now owns 4,000 shares in the company, valued at $149,680. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The disclosure for this sale can be found here. 24.30% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in URBN. Massachusetts Financial Services Co. MA increased its stake in Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock worth $441,804,000 after buying an additional 1,388,672 shares during the period. Vanguard Group Inc. increased its stake in Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock worth $222,318,000 after buying an additional 412,250 shares during the period. FMR LLC increased its stake in Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock worth $138,159,000 after buying an additional 563,409 shares during the period. State Street Corp increased its stake in Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock worth $101,278,000 after buying an additional 25,135 shares during the period. Finally, AQR Capital Management LLC increased its stake in Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock worth $80,430,000 after buying an additional 1,286,540 shares during the period. Institutional investors own 73.56% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

5 Day Chart for NASDAQ:URBN

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