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

Shares of Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) have been given a consensus rating of "Hold" by the eleven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $55.27.

A number of equities analysts have issued reports on URBN shares. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Tuesday. Citigroup lowered their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their price objective on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $50.00 to $63.00 and gave the stock a "neutral" rating in a research report on Monday.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,976 shares of company stock valued at $1,663,713 in the last 90 days. 31.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in shares of Urban Outfitters by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock worth $1,315,000 after acquiring an additional 2,527 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $219,000. KBC Group NV grew its stake in shares of Urban Outfitters by 41.8% in the 4th quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock valued at $162,000 after buying an additional 872 shares during the period. Empirical Finance LLC purchased a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $813,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after buying an additional 119,820 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

URBN stock traded down $0.08 during midday trading on Monday, hitting $61.34. 2,977,790 shares of the stock traded hands, compared to its average volume of 1,917,733. The firm has a market cap of $5.68 billion, a P/E ratio of 17.58, a PEG ratio of 1.02 and a beta of 1.33. The stock's fifty day simple moving average is $51.66 and its 200-day simple moving average is $51.70. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $63.21.

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