Zacks Investment Research lowered shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research note released on Monday.

According to Zacks, “Shares of Urban Outfitters, which have outperformed the industry in the past three months is likely to continue the bull run. We are upbeat on the company’s performance based on rise in sales during the holiday season. Its comparable retail segment net sales, including the comparable direct-to-consumer channel, gained 2%. Moreover, the company’s all three brands reported rise in comps for the November and December period. Further, new store openings, increase in direct penetration, growing wholesale operations and merchandising improvements bode well for the long term. Management is also making all possible efforts to enhance the performance of brands through store refurbishment and by bringing in more compelling assortments. However, management’s remark over gross margin, which is anticipated to decline year over year in the fourth quarter is a concern.”

Several other equities analysts have also issued reports on the company. Robert W. Baird restated a buy rating and set a $24.00 price target on shares of Urban Outfitters in a research report on Wednesday, November 1st. Wolfe Research raised their price target on Urban Outfitters from $31.00 to $34.00 and gave the stock an outperform rating in a research report on Tuesday, December 12th. Telsey Advisory Group raised their price target on Urban Outfitters from $30.00 to $35.00 and gave the stock a market perform rating in a research report on Tuesday, December 12th. Royal Bank of Canada raised their price target on Urban Outfitters from $21.00 to $30.00 and gave the stock a sector perform rating in a research report on Tuesday, November 21st. Finally, SunTrust Banks set a $35.00 price target on Urban Outfitters and gave the stock a buy rating in a research report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $26.40.

Urban Outfitters (NASDAQ:URBN) traded up $0.28 on Monday, reaching $35.10. The company had a trading volume of 1,605,200 shares, compared to its average volume of 2,755,436. Urban Outfitters has a fifty-two week low of $16.19 and a fifty-two week high of $36.10. The company has a market cap of $3,769.21, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million for the quarter, compared to analyst estimates of $860.64 million. During the same period last year, the company earned $0.40 EPS. Urban Outfitters’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts anticipate that Urban Outfitters will post 1.56 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in Urban Outfitters during the fourth quarter valued at $175,000. Contravisory Investment Management Inc. purchased a new position in shares of Urban Outfitters in the fourth quarter worth $414,000. Acadian Asset Management LLC raised its stake in shares of Urban Outfitters by 7,060.7% in the fourth quarter. Acadian Asset Management LLC now owns 63,086 shares of the apparel retailer’s stock worth $2,212,000 after purchasing an additional 62,205 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Urban Outfitters by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 357,895 shares of the apparel retailer’s stock worth $12,548,000 after purchasing an additional 21,781 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Urban Outfitters by 6.5% in the third quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock worth $8,898,000 after purchasing an additional 22,601 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

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About Urban Outfitters

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

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