Urban Outfitters (NASDAQ:URBN) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Urban Outfitters (NASDAQ:URBN) to a hold rating in a research report released on Tuesday,Zacks reports.

A number of other equities analysts have also recently weighed in on URBN. Morgan Stanley restated an “overweight” rating and issued a $90.00 price target on shares of Urban Outfitters in a report on Thursday, August 27th. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Weiss Ratings cut shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Barclays upped their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Jefferies Financial Group raised their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $75.60 on Tuesday. Urban Outfitters has a 1-year low of $59.53 and a 1-year high of $85.43. The business has a 50-day moving average of $75.43 and a 200-day moving average of $71.44. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.22 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. Research analysts expect that Urban Outfitters will post 6.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer owned 11,323 shares in the company, valued at $914,332.25. This trade represents a 33.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 32.10% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently made changes to their positions in URBN. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its holdings in Urban Outfitters by 815.0% in the fourth 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 in the last quarter. Allworth Financial LP acquired a new stake in Urban Outfitters in the second quarter valued at $31,000. Transamerica Financial Advisors LLC boosted its stake in Urban Outfitters by 566.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 374 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Urban Outfitters during the 4th quarter valued at $33,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.