Urban Outfitters (NASDAQ:URBN) Downgraded by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Urban Outfitters (NASDAQ:URBN - Free Report) from a hold rating to an underperform rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Jefferies Financial Group currently has $32.00 price objective on the apparel retailer's stock, down from their prior price objective of $42.00.

Other analysts also recently issued research reports about the stock. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, February 28th. BMO Capital Markets upped their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a market perform rating in a research report on Thursday, February 29th. StockNews.com downgraded Urban Outfitters from a buy rating to a hold rating in a research note on Friday, March 1st. UBS Group upped their target price on Urban Outfitters from $41.00 to $42.00 and gave the company a neutral rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on Urban Outfitters from $46.00 to $44.00 and set a neutral rating on the stock in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of Hold and a consensus price target of $39.67.

Urban Outfitters Stock Down 2.5 %

Shares of URBN stock traded down $0.95 during trading hours on Wednesday, hitting $37.07. 2,511,879 shares of the company's stock traded hands, compared to its average volume of 1,774,239. Urban Outfitters has a 12 month low of $25.52 and a 12 month high of $47.29. The stock has a market cap of $3.46 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The stock's 50 day simple moving average is $42.04 and its 200 day simple moving average is $38.06.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company 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 firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, equities research analysts expect that Urban Outfitters will post 3.53 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 417 shares during the period. Point72 Asset Management L.P. bought a new position in Urban Outfitters during the second quarter valued at about $33,000. Spire Wealth Management increased its holdings in Urban Outfitters by 3,700.0% during the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock worth $41,000 after buying an additional 1,110 shares during the last quarter. Castleview Partners LLC purchased a new position in Urban Outfitters in the third quarter valued at about $39,000. Finally, Captrust Financial Advisors grew its position in shares of Urban Outfitters by 148.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 916 shares during the period. 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 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.