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

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.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $75.00.

URBN has been the subject of several analyst reports. Barclays increased their price objective on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. UBS Group upped their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on Urban Outfitters from $78.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $76.21 on Friday. The business's 50 day simple moving average is $71.87 and its two-hundred day simple moving average is $60.12. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $78.22. The firm has a market cap of $6.83 billion, a P/E ratio of 15.94, a PEG ratio of 1.30 and a beta of 1.44.

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

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of the company'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 transaction of $317,340.00. Following the completion of the transaction, the chief executive officer owned 13,477 shares of the company's stock, valued at $950,398.04. This represents a 25.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total value of $1,467,200.00. Following the transaction, the chief financial officer directly owned 5,036 shares in the company, valued at $369,440.96. This trade represents a 79.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,156 shares of company stock worth $11,636,158 over the last three months. Corporate insiders own 31.60% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC raised its position in shares of Urban Outfitters by 2,893.8% in 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 during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer's stock worth $34,000 after buying an additional 301 shares during the last quarter. Federated Hermes Inc. grew 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 valued at $36,000 after purchasing an additional 687 shares during the period. Virtus Advisers LLC bought a new stake in Urban Outfitters during the first quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Urban Outfitters during the 1st quarter valued at $52,000. Institutional investors own 77.61% of the company's stock.

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.

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.