Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $74.09.

A number of research firms have weighed in on URBN. Citigroup cut their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group reissued a "market perform" rating and set a $72.00 price objective on shares of Urban Outfitters in a report on Wednesday, June 11th. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $63.00 to $78.00 in a report on Thursday, May 22nd. Wall Street Zen raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $70.64 on Tuesday. The firm has a 50 day simple moving average of $65.94 and a 200-day simple moving average of $57.83. Urban Outfitters has a one year low of $33.86 and a one year high of $75.80. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.24 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 12,856 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the transaction, the director directly owned 480,296 shares in the company, valued at approximately $35,613,948.40. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,156 shares of company stock worth $11,636,158. Company insiders own 31.80% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently made changes to their positions in URBN. Fuller & Thaler Asset Management Inc. boosted its position in shares of Urban Outfitters by 183,272.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock worth $60,079,000 after buying an additional 1,094,134 shares in the last quarter. Nuveen LLC purchased a new position in Urban Outfitters in the 1st quarter valued at about $43,769,000. Wedge Capital Management L L P NC purchased a new position in Urban Outfitters in the 1st quarter valued at about $40,544,000. Norges Bank purchased a new position in Urban Outfitters in the 4th quarter valued at about $31,605,000. Finally, Wealthfront Advisers LLC purchased a new position in Urban Outfitters in the 4th quarter valued at about $21,140,000. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.