Urban Outfitters’ (URBN) Outperform Rating Reiterated at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBNGet Free Report)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $98.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 49.71% from the stock’s previous close.

A number of other research analysts have also commented on the stock. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Citigroup raised their price target on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Robert W. Baird set a $93.00 price objective on Urban Outfitters in a research note on Wednesday, December 17th. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company lifted their target price on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters has an average rating of “Hold” and an average target price of $86.67.

Check Out Our Latest Research Report on Urban Outfitters

Urban Outfitters Stock Up 0.9%

Shares of URBN opened at $65.46 on Thursday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.24. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $84.35. The stock has a 50 day moving average price of $72.88 and a 200 day moving average price of $71.59.

Urban Outfitters (NASDAQ:URBNGet Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, equities analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the transaction, the insider owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares in the company, valued at $1,230,181,642.50. This represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 602,850 shares of company stock worth $45,557,264 in the last three months. 31.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of URBN. Asset Management One Co. Ltd. lifted its stake in Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after buying an additional 140 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Urban Outfitters by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after buying an additional 148 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 8.0% in the fourth quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock valued at $157,000 after acquiring an additional 154 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Urban Outfitters by 1.6% during the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after acquiring an additional 164 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

More Urban Outfitters News

Here are the key news stories impacting Urban Outfitters this week:

Urban Outfitters Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.