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

Key Points

• Urban Outfitters has received a consensus rating of "Hold" from analysts, with one sell rating, six holds, five buys, and one strong buy among thirteen brokerages covering the stock.
• The average target price for Urban Outfitters shares is $77.27, with recent analyst upgrades boosting price targets up to $90.00.
• Insider trading activity includes significant sales from key executives, with CEO Tricia D. Smith selling 4,500 shares, indicating a 25.03% decrease in her ownership stake.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $77.2727.

Several analysts have commented on URBN shares. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $72.00 price objective on shares of Urban Outfitters in a research report on Friday, August 22nd. Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $78.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, BMO Capital Markets set a $76.00 target price on shares of Urban Outfitters and gave the stock a "market perform" rating in a research note on Thursday, May 22nd.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $76.26 on Wednesday. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.32 and a beta of 1.44. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $80.71. The firm's 50-day simple moving average is $73.96 and its two-hundred day simple moving average is $62.61.

Insider Activity

In other news, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $72.59, for a total value of $5,807,200.00. Following the completion of the transaction, the insider owned 100 shares in the company, valued at $7,259. This trade represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction dated 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. The trade was a 25.03% decrease in their position. The disclosure for this sale can be found here. 31.80% of the stock is owned by company insiders.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in Urban Outfitters by 7.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 44,581 shares of the apparel retailer's stock worth $3,234,000 after acquiring an additional 3,236 shares during the period. Advisory Services Network LLC bought a new stake in Urban Outfitters during the 2nd quarter worth approximately $368,000. State of Wyoming increased its holdings in Urban Outfitters by 105.7% during the 2nd quarter. State of Wyoming now owns 6,808 shares of the apparel retailer's stock worth $494,000 after acquiring an additional 3,499 shares during the period. Geneos Wealth Management Inc. increased its holdings in Urban Outfitters by 282.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 600 shares of the apparel retailer's stock worth $44,000 after acquiring an additional 443 shares during the period. Finally, Hollencrest Capital Management bought a new stake in Urban Outfitters during the 2nd quarter worth approximately $26,000. 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.

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