Urban Outfitters (NASDAQ:URBN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a strong-buy rating in a research note published on Monday.

A number of other research analysts have also weighed in on the stock. Zacks Research raised shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Barclays reissued an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a research report on Friday, August 29th. Morgan Stanley boosted their target price on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Wednesday, October 8th. Finally, Citigroup reissued a “neutral” rating and set a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.91.

Urban Outfitters Trading Up 2.2%

URBN stock opened at $64.49 on Monday. Urban Outfitters has a 1 year low of $35.91 and a 1 year high of $80.71. The company has a fifty day simple moving average of $69.28 and a 200 day simple moving average of $68.90. The firm has a market cap of $5.78 billion, a PE ratio of 12.60, a PEG ratio of 1.04 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Urban Outfitters’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the transaction, the chief executive officer owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. The trade was a 0.06% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 44,400 shares of company stock worth $3,118,738. 31.60% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in Urban Outfitters by 153.1% in the third quarter. Smartleaf Asset Management LLC now owns 3,361 shares of the apparel retailer’s stock valued at $243,000 after acquiring an additional 2,033 shares during the period. Alps Advisors Inc. bought a new stake in Urban Outfitters in the third quarter valued at about $481,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in Urban Outfitters by 17.4% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer’s stock valued at $19,983,000 after acquiring an additional 41,559 shares during the period. Optimize Financial Inc bought a new stake in Urban Outfitters in the third quarter valued at about $602,000. Finally, Envestnet Asset Management Inc. increased its stake in Urban Outfitters by 142.8% in the third quarter. Envestnet Asset Management Inc. now owns 34,805 shares of the apparel retailer’s stock valued at $2,486,000 after acquiring an additional 20,472 shares during the period. Institutional investors own 77.61% of the company’s stock.

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.