StockNews.com Downgrades Urban Outfitters (NASDAQ:URBN) to Hold

Urban Outfitters (NASDAQ:URBN - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

Several other analysts have also issued reports on the stock. Robert W. Baird upped their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Barclays upped their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Telsey Advisory Group lifted their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Finally, Citigroup reduced their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Urban Outfitters has an average rating of "Hold" and an average price target of $55.18.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded up $0.57 during mid-day trading on Tuesday, reaching $51.41. 1,410,755 shares of the company's stock traded hands, compared to its average volume of 1,876,437. The business has a 50-day simple moving average of $51.25 and a 200 day simple moving average of $49.39. The stock has a market cap of $4.76 billion, a P/E ratio of 14.73, a PEG ratio of 1.02 and a beta of 1.37. Urban Outfitters has a 1-year low of $33.86 and a 1-year high of $61.16.

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

Insider Activity at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares of the company's stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,976 shares of company stock valued at $1,663,713. Company insiders own 31.80% of the company's stock.

Institutional Trading of Urban Outfitters

A number of hedge funds have recently bought and sold shares of URBN. Jones Financial Companies Lllp lifted its holdings in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after buying an additional 250 shares during the period. Natixis Advisors LLC grew its stake in shares of Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after buying an additional 252 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Urban Outfitters by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after buying an additional 351 shares during the period. Institutional investors own 77.61% of the company's stock.

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.