Urban Outfitters (NASDAQ:URBN) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Urban Outfitters to “hold” from “buy,” though broader analyst coverage remains favorable with a “Moderate Buy” consensus and an average price target of $88.55.
• Urban Outfitters shares opened at $77.81, compared with a one-year range of $59.53 to $84.35. The company recently exceeded quarterly expectations, reporting $1.30 in EPS versus the $1.12 consensus and $1.48 billion in revenue.
• Insiders recently sold shares, including the CFO’s sale of 5,036 shares, while institutional investors and hedge funds own approximately 77.61% of the company.

Urban Outfitters (NASDAQ:URBN - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

URBN has been the topic of a number of other research reports. Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their target price for the company from $76.00 to $93.00 in a research note on Monday, July 20th. Jefferies Financial Group boosted their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.55.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $77.81 on Friday. The business's 50-day moving average price is $73.72 and its two-hundred day moving average price is $70.46. Urban Outfitters has a one year low of $59.53 and a one year high of $84.35. The company has a market capitalization of $6.66 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.18. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. On average, equities analysts anticipate that Urban Outfitters will post 6.13 EPS for the current year.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares in the company, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by company insiders.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of URBN. Jupiter Topco LLC acquired a new position in Urban Outfitters in the 2nd quarter valued at $1,765,000. J. Goldman & Co LP bought a new position in Urban Outfitters in the 2nd quarter worth $21,836,000. III Capital Management acquired a new position in Urban Outfitters during the 2nd quarter worth $2,714,000. Hsbc Holdings PLC acquired a new position in Urban Outfitters during the 2nd quarter worth $1,613,000. Finally, PDT Partners LLC bought a new stake in Urban Outfitters during the second quarter valued at about $4,521,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

About Urban Outfitters

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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