Telsey Advisory Group Reaffirms "Market Perform" Rating for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN - Get Free Report)'s stock had its "market perform" rating reiterated by analysts at Telsey Advisory Group in a report issued on Thursday, Marketbeat.com reports. They currently have a $72.00 target price on the apparel retailer's stock, up from their previous target price of $59.00. Telsey Advisory Group's target price points to a potential downside of 1.65% from the company's current price.

URBN has been the subject of a number of other research reports. Jefferies Financial Group restated an "underperform" rating and issued a $46.00 price objective (up previously from $42.00) on shares of Urban Outfitters in a research report on Wednesday. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $55.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday. Barclays raised their price objective on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Glj Research restated a "sell" rating on shares of Urban Outfitters in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Urban Outfitters has an average rating of "Hold" and an average price target of $67.45.

Urban Outfitters Stock Performance

Shares of URBN opened at $73.21 on Thursday. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $73.68. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The firm has a 50-day simple moving average of $52.36 and a 200-day simple moving average of $52.01.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insider Activity

In other news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This trade represents a 44.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now owns 15,450 shares of the company's stock, valued at approximately $902,898. The trade was a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,976 shares of company stock worth $1,663,713. Company insiders own 31.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of URBN. Whipplewood Advisors LLC increased its stake in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 463 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 687 shares in the last quarter. Virtus Advisers LLC purchased a new position in shares of Urban Outfitters during the 1st quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Urban Outfitters during the 1st quarter worth approximately $52,000. 77.61% of the stock is owned by hedge funds and other 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.