Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Rating of "Hold" from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.58.

Several research analysts have recently issued reports on URBN shares. BMO Capital Markets raised their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. reduced their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. UBS Group raised their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, March 5th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. Finally, Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th.

Urban Outfitters Trading Down 1.5 %

Shares of Urban Outfitters stock traded down $0.58 during mid-day trading on Friday, reaching $38.77. 2,369,882 shares of the stock were exchanged, compared to its average volume of 1,481,687. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The firm has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $37.98. Urban Outfitters has a fifty-two week low of $25.52 and a fifty-two week high of $47.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. On average, research analysts predict that Urban Outfitters will post 3.53 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Tricia D. Smith sold 6,250 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the transaction, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Melanie Marein-Efron sold 3,345 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the transaction, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The disclosure for this sale can be found here. Insiders have sold 18,473 shares of company stock worth $757,483 over the last ninety days. Insiders own 31.90% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Captrust Financial Advisors boosted its position in Urban Outfitters by 148.5% during the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 916 shares during the period. Parallel Advisors LLC boosted its position in shares of Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 417 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Urban Outfitters in the second quarter valued at about $33,000. Castleview Partners LLC bought a new stake in shares of Urban Outfitters in the third quarter valued at about $39,000. Finally, Spire Wealth Management boosted its position in shares of Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock valued at $41,000 after acquiring an additional 1,110 shares during the period. 77.61% of the stock is owned by 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 Nully. 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.