Urban Outfitters, Inc. (NASDAQ:URBN) Receives Consensus Rating of “Hold” from Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $86.6667.

A number of brokerages have recently weighed in on URBN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Citigroup lifted their target price on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday. Finally, Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $68.35 on Wednesday. The company’s 50 day simple moving average is $73.86 and its 200-day simple moving average is $71.80. Urban Outfitters has a 1 year low of $41.89 and a 1 year high of $84.35. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion during the quarter. Equities analysts expect that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity

In related news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total value of $663,856.29. Following the completion of the transaction, the insider owned 1,987,950 shares in the company, valued at $141,402,883.50. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $758,743.71. Following the transaction, the chief executive officer owned 17,511,209 shares of the company’s stock, valued at $1,245,572,296.17. This trade represents a 0.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 598,168 shares of company stock worth $45,325,456. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Urban Outfitters in the third quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of Urban Outfitters during the 2nd quarter worth about $26,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 326 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its position in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.