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

Key Points

• Analysts have a consensus recommendation of Hold on Urban Outfitters from 17 firms (1 sell, 8 hold, 8 buy) with an average 12‑month price target of $86.25.
• Urban Outfitters recently beat estimates with EPS of $1.43 versus $1.24 expected and reported revenue of $1.80 billion (+10.1% YoY); analysts forecast about 3.91 EPS for the current fiscal year.
• CEO Richard Hayne sold 10,667 shares (~$793K) and insiders sold 253,517 shares last quarter, though insiders still own 31.6% of the company and institutional investors hold roughly 77.6%.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) has been given an average recommendation of "Hold" by the seventeen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $86.25.

Several research analysts have recently commented on the stock. UBS Group restated a "neutral" rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Barclays increased their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an "overweight" rating in a research note on Friday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 20th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research note on Wednesday, December 17th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $98.00 price target on shares of Urban Outfitters in a research note on Thursday, February 26th.

Insider Activity at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $74.35, for a total transaction of $793,091.45. Following the transaction, the chief executive officer owned 17,675,928 shares in the company, valued at $1,314,205,246.80. This represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 253,517 shares of company stock worth $18,270,330. Corporate insiders own 31.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Urban Outfitters by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer's stock valued at $1,977,000 after buying an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer's stock valued at $7,476,000 after buying an additional 13,554 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Urban Outfitters by 343.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer's stock valued at $177,000 after buying an additional 1,886 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock valued at $36,000 after buying an additional 274 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer's stock valued at $13,242,000 after buying an additional 22,393 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $68.22 on Thursday. The firm's 50 day moving average price is $66.64 and its two-hundred day moving average price is $69.80. Urban Outfitters has a twelve month low of $42.55 and a twelve month high of $84.35. The firm has a market cap of $5.84 billion, a PE ratio of 13.46, a P/E/G ratio of 1.25 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business posted $1.04 EPS. Urban Outfitters's quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

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.

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