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

Key Points

• Urban Outfitters, Inc. has received an average analyst rating of "Moderate Buy," with a 12-month price target of approximately $81.91 from various brokerages.
• Insider transactions revealed that Director Mary Egan and CEO Richard A. Hayne sold portions of their shares, with a notable total transaction value of over $820,000.
• Urban Outfitters reported a quarterly EPS of $1.58, surpassing analysts' expectations, and its revenue reached $1.50 billion, reflecting an 11.3% year-over-year growth.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $81.9091.

Several research analysts have issued reports on URBN shares. UBS Group upped their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Wells Fargo & Company upped their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Morgan Stanley upped their price target on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Urban Outfitters in a report on Wednesday, October 8th.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director directly owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the transaction, the chief executive officer owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,400 shares of company stock valued at $3,118,738. Corporate insiders own 31.60% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Nuveen LLC purchased a new position in Urban Outfitters during the 1st quarter worth approximately $43,769,000. Norges Bank purchased a new position in Urban Outfitters during the 2nd quarter worth approximately $55,429,000. Qube Research & Technologies Ltd grew its position in Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer's stock worth $93,366,000 after purchasing an additional 477,909 shares in the last quarter. Marshall Wace LLP grew its position in Urban Outfitters by 150.5% during the 2nd quarter. Marshall Wace LLP now owns 617,527 shares of the apparel retailer's stock worth $44,795,000 after purchasing an additional 371,058 shares in the last quarter. Finally, Boston Partners purchased a new position in Urban Outfitters during the 1st quarter worth approximately $18,380,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $67.90 on Thursday. Urban Outfitters has a 12 month low of $34.76 and a 12 month high of $80.71. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.07 and a beta of 1.26. The stock's 50 day moving average price is $72.46 and its 200 day moving average price is $66.79.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

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.

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