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

Key Points

• Urban Outfitters has an average analyst rating of "Moderate Buy" from 14 brokerage firms, with a consensus 12-month price target of $87.
• The company recently delivered a strong quarter, reporting $1.30 EPS versus the $1.12 estimate and $1.48 billion in revenue, both above expectations, with revenue up 11.4% year over year.
• Several analysts have recently turned more positive, including upgrades from Zacks Research and Wall Street Zen, while insiders also sold shares; meanwhile, institutional investors continue to hold a large stake, owning 77.61% of the stock.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $87.00.

URBN has been the subject of several research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a research note on Monday, July 6th. Barclays lowered their target price on Urban Outfitters from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, May 22nd. Zacks Research upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Wall Street Zen raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Finally, Bank of America boosted their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the sale, the chief financial officer owned 17,023 shares of the company's stock, valued at $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Azeez Hayne sold 8,733 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. The disclosure for this sale is available in the SEC filing. Insiders own 32.10% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently bought and sold shares of URBN. Handelsbanken Fonder AB raised its holdings in shares of Urban Outfitters by 11.6% in the second quarter. Handelsbanken Fonder AB now owns 20,253 shares of the apparel retailer's stock worth $1,435,000 after acquiring an additional 2,100 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 10.1% in the second quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer's stock valued at $145,000 after acquiring an additional 188 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Urban Outfitters during the second quarter valued at $148,000. Edgestream Partners L.P. boosted its stake in shares of Urban Outfitters by 31.3% during the first quarter. Edgestream Partners L.P. now owns 56,134 shares of the apparel retailer's stock valued at $3,556,000 after acquiring an additional 13,383 shares during the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Urban Outfitters during the 1st quarter worth about $570,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Trading Down 3.2%

Shares of URBN opened at $72.98 on Friday. The firm's 50-day moving average is $71.99 and its two-hundred day moving average is $70.22. Urban Outfitters has a twelve month low of $59.53 and a twelve month high of $84.35. The firm has a market capitalization of $6.25 billion, a P/E ratio of 14.01, a PEG ratio of 1.39 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.18. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. Analysts predict that Urban Outfitters will post 6.13 EPS for the current year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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