Morgan Stanley Issues Pessimistic Forecast for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its target price lowered by equities research analysts at Morgan Stanley from $63.00 to $62.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the apparel retailer's stock. Morgan Stanley's target price indicates a potential upside of 18.62% from the company's current price.

URBN has been the subject of several other research reports. Barclays raised their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. UBS Group boosted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Finally, Citigroup reduced their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $54.18.

Urban Outfitters Trading Down 2.7 %

Shares of NASDAQ:URBN traded down $1.43 during trading on Tuesday, reaching $52.27. The stock had a trading volume of 323,231 shares, compared to its average volume of 1,875,213. The firm's 50-day simple moving average is $51.19 and its 200 day simple moving average is $50.16. Urban Outfitters has a one year low of $33.86 and a one year high of $61.16. The company has a market capitalization of $4.84 billion, a P/E ratio of 14.99, a PEG ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Equities research analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in shares of Urban Outfitters by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock worth $1,315,000 after purchasing an additional 2,527 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Urban Outfitters by 10.6% during the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer's stock valued at $1,030,000 after acquiring an additional 1,801 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Urban Outfitters by 17,631.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock worth $1,966,000 after acquiring an additional 35,615 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $765,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.

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