Urban Outfitters' (URBN) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN - Get Free Report)'s stock had its "market perform" rating restated by equities researchers at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They currently have a $72.00 price objective on the apparel retailer's stock. Telsey Advisory Group's target price suggests a potential upside of 4.94% from the stock's previous close.

A number of other research firms have also recently weighed in on URBN. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and upped their price target for the stock from $50.00 to $70.00 in a report on Friday, June 6th. Citigroup reduced their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group increased their target price on Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $75.00 to $90.00 in a report on Wednesday. Finally, Glj Research restated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.09.

Urban Outfitters Stock Performance

NASDAQ URBN traded down $0.62 on Wednesday, reaching $68.61. 751,048 shares of the company's stock traded hands, compared to its average volume of 2,277,703. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.02 and a beta of 1.45. The stock has a 50 day moving average price of $58.14 and a 200-day moving average price of $55.25. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business posted $0.69 EPS. The business's revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, insider Azeez Hayne sold 12,856 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the transaction, the chief executive officer now owns 13,477 shares in the company, valued at approximately $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,156 shares of company stock worth $11,636,158. Corporate insiders own 31.60% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in URBN. Whipplewood Advisors LLC grew its holdings in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 valued at $29,000 after acquiring an additional 200 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 687 shares during the period. Virtus Advisers LLC acquired a new stake in Urban Outfitters during the first quarter worth about $46,000. Finally, Exchange Traded Concepts LLC purchased a new position in Urban Outfitters during the first quarter worth about $52,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

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.