Urban Outfitters Inc. (URBN) Upgraded by Vetr Inc. to Sell
Vetr upgraded shares of Urban Outfitters Inc. (NASDAQ:URBN) from a strong sell rating to a sell rating in a research note issued to investors on Thursday. They currently have $35.51 price target on the apparel retailer’s stock.
URBN has been the subject of a number of other reports. Deutsche Bank AG increased their target price on Urban Outfitters from $28.00 to $32.00 and gave the company a hold rating in a research report on Monday, July 25th. Citigroup Inc. upgraded Urban Outfitters from a neutral rating to a buy rating in a research report on Tuesday. Stifel Nicolaus raised their price target on Urban Outfitters from $35.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Nomura raised their price target on Urban Outfitters from $30.00 to $33.00 and gave the stock a neutral rating in a research report on Wednesday, August 17th. Finally, Jefferies Group restated a buy rating and issued a $45.00 price target (up from $40.00) on shares of Urban Outfitters in a research report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters presently has an average rating of Hold and an average price target of $36.18.
Urban Outfitters (NASDAQ:URBN) opened at 37.55 on Thursday. The stock has a market capitalization of $4.40 billion, a P/E ratio of 19.34 and a beta of 0.69. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80. The company has a 50 day moving average of $34.99 and a 200 day moving average of $31.70.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The business earned $890.57 million during the quarter, compared to analyst estimates of $886.39 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Urban Outfitters will post $2.06 EPS for the current fiscal year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.30% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Advantus Capital Management Inc increased its position in shares of Urban Outfitters by 1.4% in the second quarter. Advantus Capital Management Inc now owns 8,387 shares of the apparel retailer’s stock valued at $231,000 after buying an additional 113 shares in the last quarter. People s United Financial Inc. increased its stake in Urban Outfitters by 0.8% in the third quarter. People s United Financial Inc. now owns 23,459 shares of the apparel retailer’s stock worth $810,000 after buying an additional 180 shares during the period. State Treasurer State of Michigan increased its stake in Urban Outfitters by 0.7% in the second quarter. State Treasurer State of Michigan now owns 30,119 shares of the apparel retailer’s stock worth $828,000 after buying an additional 200 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock worth $2,564,000 after buying an additional 255 shares during the period. Finally, Aperio Group LLC increased its stake in Urban Outfitters by 3.0% in the third quarter. Aperio Group LLC now owns 8,980 shares of the apparel retailer’s stock worth $310,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 73.56% of the company’s stock.
About Urban Outfitters
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.
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