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

Key Points

• Urban Outfitters, Inc. has received an average recommendation of “Moderate Buy” from thirteen brokerages, with a target price averaging $75.00.
• Recent quarterly earnings exceeded expectations, reporting $1.16 EPS against a consensus estimate of $0.81, with revenue increasing by 10.7% year-over-year.
• Insider activity showed significant stock sales, including CEO Tricia D. Smith selling 4,500 shares, indicating possible shifts in confidence among company executives.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $75.00.

URBN has been the topic of several recent research reports. Barclays upped their price objective on Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price objective on shares of Urban Outfitters in a report on Wednesday, June 11th. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

Urban Outfitters Trading Down 0.8%

NASDAQ:URBN traded down $0.61 during mid-day trading on Friday, reaching $78.53. The company's stock had a trading volume of 645,983 shares, compared to its average volume of 2,145,603. The stock has a market cap of $7.04 billion, a P/E ratio of 16.40, a PEG ratio of 1.31 and a beta of 1.44. The firm's fifty day moving average price is $72.01 and its two-hundred day moving average price is $60.37. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $80.18.

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

Insider Buying and Selling

In related news, insider Margaret Hayne sold 80,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total value of $5,807,200.00. Following the sale, the insider owned 100 shares in the company, valued at $7,259. This represents a 99.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the transaction, the director owned 480,296 shares in the company, valued at $35,613,948.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 in the last three months. Insiders own 31.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in URBN. Asset Management One Co. Ltd. boosted its holdings in Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer's stock valued at $97,000 after purchasing an additional 140 shares during the last quarter. Diversified Trust Co increased its stake in shares of Urban Outfitters by 0.9% during the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer's stock worth $1,429,000 after purchasing an additional 185 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Urban Outfitters by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer's stock valued at $1,205,000 after purchasing an additional 198 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Urban Outfitters by 2.0% in the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock worth $545,000 after buying an additional 203 shares during the period. Finally, Xponance Inc. increased its position in shares of Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after acquiring an additional 222 shares in the last quarter. 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.