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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have been given an average recommendation of "Hold" by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $39.67.

Several research firms have recently issued reports on URBN. JPMorgan Chase & Co. dropped their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. BMO Capital Markets upped their price target on Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, February 29th. Telsey Advisory Group raised their price objective on Urban Outfitters from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Jefferies Financial Group downgraded Urban Outfitters from a "hold" rating to an "underperform" rating and reduced their price objective for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st.

Urban Outfitters Trading Up 0.9 %

NASDAQ URBN traded up $0.36 during trading on Thursday, reaching $41.21. 784,554 shares of the company's stock were exchanged, compared to its average volume of 1,694,502. Urban Outfitters has a fifty-two week low of $26.45 and a fifty-two week high of $47.29. The company's fifty day simple moving average is $40.92 and its 200-day simple moving average is $38.77. The firm has a market capitalization of $3.84 billion, a PE ratio of 13.44, a P/E/G ratio of 0.63 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business posted $0.39 EPS. Urban Outfitters's revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Urban Outfitters will post 3.51 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the sale, the chief executive officer now directly owns 6,353 shares of the company's stock, valued at approximately $258,821.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the sale, the chief executive officer now directly owns 6,353 shares of the company's stock, valued at approximately $258,821.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the sale, the insider now directly owns 2,878 shares of the company's stock, valued at $117,278.50. The disclosure for this sale can be found here. Insiders sold 18,473 shares of company stock valued at $757,483 in the last three months. Corporate insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Outfitters by 21.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,157 shares of the apparel retailer's stock worth $365,000 after purchasing an additional 1,949 shares during the last quarter. Strs Ohio boosted its position in shares of Urban Outfitters by 8.5% during the third quarter. Strs Ohio now owns 28,000 shares of the apparel retailer's stock worth $915,000 after buying an additional 2,200 shares during the period. Advisor Partners II LLC bought a new stake in Urban Outfitters during the third quarter worth about $457,000. TD Asset Management Inc raised its holdings in Urban Outfitters by 18.8% during the third quarter. TD Asset Management Inc now owns 7,600 shares of the apparel retailer's stock worth $248,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Urban Outfitters by 17.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,092 shares of the apparel retailer's stock valued at $363,000 after buying an additional 1,609 shares during the period. 77.61% of the stock is currently owned by institutional investors.

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.