Urban Outfitters (NASDAQ:URBN) Raised to Hold at Jefferies Financial Group

Urban Outfitters (NASDAQ:URBN - Get Free Report) was upgraded by stock analysts at Jefferies Financial Group from an "underperform" rating to a "hold" rating in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a $70.00 price objective on the apparel retailer's stock, up from their previous price objective of $50.00. Jefferies Financial Group's price objective suggests a potential upside of 0.42% from the company's previous close.

Other analysts also recently issued reports about the stock. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a "market perform" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded Urban Outfitters from a "neutral" rating to an "overweight" rating and raised their price target for the company from $63.00 to $78.00 in a research note on Thursday, May 22nd. Robert W. Baird upped their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $71.55.

Urban Outfitters Stock Performance

Shares of URBN opened at $69.71 on Friday. The firm has a market cap of $6.46 billion, a P/E ratio of 19.97, a PEG ratio of 1.02 and a beta of 1.45. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $75.80. The firm's 50 day moving average price is $56.58 and its two-hundred day moving average price is $54.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, sell-side analysts anticipate that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Margaret Hayne sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the transaction, the insider now directly owns 100 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total value of $510,680.00. Following the sale, the director now directly owns 4,750 shares in the company, valued at $356,725. This represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,332 shares of company stock valued at $12,497,479. 31.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in Urban Outfitters by 183,272.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after acquiring an additional 1,094,134 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock worth $48,038,000 after buying an additional 859,886 shares in the last quarter. Nuveen LLC bought a new stake in shares of Urban Outfitters during the 1st quarter worth $43,769,000. Wedge Capital Management L L P NC acquired a new stake in Urban Outfitters in the first quarter valued at about $40,544,000. Finally, Norges Bank bought a new position in Urban Outfitters in the fourth quarter valued at about $31,605,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.

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