Urban Outfitters (NASDAQ:URBN) Given "Market Perform" Rating at Telsey Advisory Group

Key Points

• Urban Outfitters' stock received a "market perform" rating from Telsey Advisory Group, with a price target of $72.00, indicating a potential downside of 2.56%.
• Recent earnings reported a $1.16 EPS, beating the consensus estimate of $0.81, and revenue increased by 10.7% compared to the same quarter last year, totaling $1.33 billion.
• Despite mixed analyst ratings, the average price target for Urban Outfitters stocks stands at $77.27, with 77.61% of the stock currently owned by institutional investors.

Telsey Advisory Group restated their market perform rating on shares of Urban Outfitters (NASDAQ:URBN - Free Report) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $72.00 price target on the apparel retailer's stock.

A number of other equities research analysts have also recently commented on URBN. Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group increased their target price on shares of Urban Outfitters from $75.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Bank of America increased their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $78.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Glj Research reissued a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $77.27.

Urban Outfitters Stock Performance

Urban Outfitters stock traded up $3.09 during mid-day trading on Friday, reaching $76.98. 1,486,021 shares of the company were exchanged, compared to its average volume of 1,617,506. The business has a fifty day moving average of $73.71 and a 200 day moving average of $62.38. The firm has a market cap of $6.90 billion, a P/E ratio of 16.10, a PEG ratio of 1.33 and a beta of 1.44. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%.Urban Outfitters's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. Sell-side analysts predict that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In other news, insider Margaret Hayne sold 80,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $72.59, for a total value of $5,807,200.00. Following the completion of the transaction, the insider directly owned 100 shares in the company, valued at $7,259. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director owned 4,750 shares of the company's stock, valued at approximately $356,725. The trade was a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,156 shares of company stock valued at $11,636,158. 31.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. raised its stake in shares of Urban Outfitters by 11.7% in the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer's stock worth $97,000 after purchasing an additional 140 shares during the last quarter. Diversified Trust Co raised its stake in shares of Urban Outfitters by 0.9% during the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer's stock valued at $1,429,000 after buying an additional 185 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Urban Outfitters by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer's stock valued at $1,205,000 after buying an additional 198 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after buying an additional 203 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after buying an additional 222 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.