Morgan Stanley Has Lowered Expectations for Urban Outfitters (NASDAQ:URBN) Stock Price

Urban Outfitters (NASDAQ:URBN - Get Free Report) had its price objective decreased by analysts at Morgan Stanley from $63.00 to $62.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has an "overweight" rating on the apparel retailer's stock. Morgan Stanley's price objective would suggest a potential upside of 19.58% from the company's current price.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company lowered their price target on Urban Outfitters from $65.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. UBS Group upped their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Finally, Robert W. Baird upped their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $54.18.

Urban Outfitters Trading Up 0.1 %

NASDAQ:URBN traded up $0.06 during mid-day trading on Tuesday, hitting $51.85. 1,395,448 shares of the company's stock traded hands, compared to its average volume of 1,892,078. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $61.16. The firm has a 50 day moving average of $50.71 and a two-hundred day moving average of $50.61. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

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

Insider Activity

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

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC increased its position 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 worth $42,000 after acquiring an additional 202 shares during the period. GSA Capital Partners LLP increased its holdings in Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after buying an additional 203 shares during the last quarter. Xponance Inc. increased its position in Urban Outfitters by 4.9% during the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after buying an additional 222 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Urban Outfitters by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after purchasing an additional 228 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Outfitters

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.