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

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $55.18.

URBN has been the topic of several recent analyst reports. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Citigroup decreased their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, Robert W. Baird boosted their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares of the company's stock, valued at $679,697.94. This trade represents a 44.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock worth $1,663,713. 31.80% of the stock is currently owned by insiders.

Institutional Trading of Urban Outfitters

Institutional investors have recently modified their holdings of the company. Friedenthal Financial purchased a new stake in shares of Urban Outfitters during the 4th quarter worth about $765,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Urban Outfitters by 1,016.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after purchasing an additional 119,820 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock worth $1,966,000 after purchasing an additional 35,615 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Urban Outfitters by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock worth $38,754,000 after purchasing an additional 51,657 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock worth $64,482,000 after purchasing an additional 60,697 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

NASDAQ URBN traded up $0.59 on Thursday, hitting $53.26. 1,505,179 shares of the company's stock were exchanged, compared to its average volume of 1,876,298. The firm's 50-day moving average price is $51.16 and its two-hundred day moving average price is $49.62. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. On average, research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal 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.