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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Urban Outfitters, with eight buy ratings, five holds and one strong-buy rating. The average 12-month price target is approximately $87.91.
• Urban Outfitters beat quarterly expectations, reporting $1.30 in EPS versus the $1.12 consensus and revenue of $1.48 billion, up 11.4% year over year.
• The stock opened at $79.43, near its 52-week high of $84.35, while institutional investors own 77.61% of shares; two insiders also recently sold company stock.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $87.9091.

A number of equities analysts have issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a research report on Monday, July 6th. Bank of America raised their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Barclays dropped their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, May 22nd. Weiss Ratings lowered shares of Urban Outfitters from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. Finally, Zacks Research raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $79.43 on Wednesday. Urban Outfitters has a 1 year low of $59.53 and a 1 year high of $84.35. The stock's 50-day simple moving average is $73.43 and its 200-day simple moving average is $70.29. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.47 and a beta of 1.23.

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

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently added to or reduced their stakes in URBN. BlackRock Inc. acquired a new position in Urban Outfitters in the second quarter valued at approximately $615,160,000. Abrams Bison Investments LLC bought a new stake in Urban Outfitters in the 4th quarter valued at about $127,114,000. Balyasny Asset Management L.P. boosted its stake in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer's stock valued at $44,155,000 after purchasing an additional 606,831 shares during the period. Norges Bank acquired a new position in shares of Urban Outfitters during the fourth quarter worth approximately $44,191,000. Finally, UBS Group AG boosted its position in Urban Outfitters by 339.3% during the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer's stock worth $48,276,000 after acquiring an additional 495,441 shares during the period. 77.61% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source