Urban Outfitters, Inc. (NASDAQ:URBN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Seventeen analysts rate Urban Outfitters an average of Hold (1 sell, 8 hold, 8 buy) with a 12‑month average price target of $86.25.
• Insider selling: Insiders including Margaret Hayne and CEO Richard A. Hayne sold shares at $70.50 on Feb. 20; insiders disposed of 64,682 shares totaling about $4.63M in the past three months and currently own 32.10% of the stock.
• Quarterly beat: Urban Outfitters reported $1.43 EPS versus $1.24 expected and $1.80B revenue (up 10.1% YoY); the company has a market cap of $5.91B and a P/E of 13.61.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been assigned an average rating of "Hold" from the seventeen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $86.25.

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an "overweight" rating in a research note on Friday, January 16th. UBS Group reissued a "neutral" rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Telsey Advisory Group reissued an "outperform" rating and set a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company dropped their price objective on Urban Outfitters from $80.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th.

Insider Buying and Selling at Urban Outfitters

In related news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the sale, the insider owned 1,933,859 shares of the company's stock, valued at approximately $136,337,059.50. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the sale, the chief executive officer directly owned 17,449,385 shares of the company's stock, valued at $1,230,181,642.50. This represents a 0.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,682 shares of company stock valued at $4,629,408 in the last three months. 32.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Urban Outfitters during the third quarter worth about $25,000. Eurizon Capital SGR S.p.A. bought a new stake in Urban Outfitters during the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. lifted its stake in Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer's stock worth $28,000 after purchasing an additional 326 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 149 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $69.01 on Monday. Urban Outfitters has a one year low of $51.12 and a one year high of $84.35. The business has a fifty day moving average price of $66.68 and a 200-day moving average price of $69.76. The firm has a market capitalization of $5.91 billion, a P/E ratio of 13.61, a PEG ratio of 1.33 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.19. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Sell-side analysts expect that Urban Outfitters will post 5.84 earnings per share for the current fiscal year.

About Urban Outfitters

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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