Urban Outfitters (NASDAQ:URBN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research note issued to investors on Friday.

URBN has been the subject of several other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a report on Tuesday, January 13th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Citigroup upped their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Wells Fargo & Company increased their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $93.00 price objective on Urban Outfitters in a report on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.67.

Urban Outfitters Stock Down 3.1%

Shares of NASDAQ URBN opened at $67.39 on Friday. The business’s 50 day moving average price is $74.61 and its two-hundred day moving average price is $72.37. The company has a market cap of $6.04 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. Urban Outfitters has a twelve month low of $41.89 and a twelve month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion during the quarter. As a group, research analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the sale, the chief executive officer owned 17,633,260 shares of the company’s stock, valued at $1,242,439,499.60. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total value of $657,603.18. Following the completion of the transaction, the insider directly owned 2,094,734 shares of the company’s stock, valued at $147,594,957.64. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 469,333 shares of company stock valued at $36,157,534. 31.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Urban Outfitters by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after acquiring an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after purchasing an additional 13,554 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Urban Outfitters by 5.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,968 shares of the apparel retailer’s stock valued at $586,000 after purchasing an additional 395 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Urban Outfitters by 80.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,840 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 818 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Urban Outfitters by 3.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 66,394 shares of the apparel retailer’s stock worth $4,816,000 after buying an additional 1,923 shares in the last quarter. 77.61% of the stock is owned by 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.