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

Key Points

• Urban Outfitters, Inc. has received a consensus rating of "Hold" from analysts, with one sell recommendation, six hold, five buy, and one strong buy recommendation.
• The average 1-year price target for Urban Outfitters is approximately $81.91 according to brokerage reports, with various price objectives ranging from $75.00 to $90.00 from different analysts.
• Insider activity includes Director Mary Egan selling 1,000 shares at an average price of $70.12, representing a 6.56% decrease in their holdings, while institutional investors own 77.61% of the stock.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has received a consensus rating of "Hold" from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $81.9091.

Several research analysts have commented on URBN shares. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Citigroup reissued a "neutral" rating and issued a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Barclays reissued an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price objective on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th.

Insider Buying and Selling at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 31.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in shares of Urban Outfitters by 277.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,741 shares of the apparel retailer's stock worth $489,000 after acquiring an additional 4,954 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in Urban Outfitters by 27.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 22,953 shares of the apparel retailer's stock valued at $1,665,000 after buying an additional 4,956 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Urban Outfitters by 7.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 44,581 shares of the apparel retailer's stock valued at $3,234,000 after buying an additional 3,236 shares in the last quarter. Advisory Services Network LLC bought a new stake in Urban Outfitters in the 2nd quarter valued at about $368,000. Finally, State of Wyoming increased its position in Urban Outfitters by 105.7% in the 2nd quarter. State of Wyoming now owns 6,808 shares of the apparel retailer's stock valued at $494,000 after buying an additional 3,499 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Trading Down 0.2%

Shares of URBN opened at $71.41 on Friday. The company has a market capitalization of $6.41 billion, a PE ratio of 13.95, a PEG ratio of 1.14 and a beta of 1.29. Urban Outfitters has a 12 month low of $34.76 and a 12 month high of $80.71. The stock's 50-day moving average price is $73.85 and its two-hundred day moving average price is $64.45.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Equities research analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

About Urban Outfitters

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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