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

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $74.09.

Several research analysts have commented on the company. BMO Capital Markets set a $76.00 price objective on Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Telsey Advisory Group reissued a "market perform" rating and set a $72.00 price target on shares of Urban Outfitters in a research report on Wednesday. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Citigroup lowered their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and raised their target price for the company from $75.00 to $90.00 in a research report on Wednesday.

Urban Outfitters Trading Down 1.7%

Shares of URBN traded down $1.16 during trading hours on Friday, reaching $68.01. 1,948,732 shares of the company traded hands, compared to its average volume of 1,977,935. The stock's fifty day moving average price is $58.60 and its 200 day moving average price is $55.45. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.02 and a beta of 1.45. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. On average, research analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 4,500 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total value of $510,680.00. Following the transaction, the director now owns 4,750 shares in the company, valued at approximately $356,725. This trade represents a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock valued at $11,636,158 over the last 90 days. Insiders own 31.60% of the company's stock.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC grew its position in Urban Outfitters by 2,893.8% during 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. Jones Financial Companies Lllp lifted its stake in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying an additional 200 shares during the period. Federated Hermes Inc. lifted its stake in shares of Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after buying an additional 687 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Urban Outfitters during the first quarter valued at $46,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $52,000. Institutional investors and hedge funds 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.