Urban Outfitters (NASDAQ:URBN) Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Urban Outfitters (NASDAQ:URBN - Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

A number of other analysts also recently commented on URBN. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $50.00 to $70.00 in a research report on Friday, June 6th. Bank of America boosted their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Barclays boosted their target price on Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Stock Down 1.7%

Urban Outfitters stock traded down $1.16 during mid-day trading on Friday, hitting $68.01. 1,948,732 shares of the company's stock traded hands, compared to its average volume of 1,980,200. Urban Outfitters has a one year low of $33.86 and a one year high of $75.80. The firm has a 50 day moving average price of $59.09 and a 200 day moving average price of $55.64. The company has a market cap of $6.10 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

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

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the transaction, the chief executive officer now owns 13,477 shares in the company, valued at $950,398.04. The trade was a 25.03% 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 business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director now owns 4,750 shares in the company, valued at $356,725. This trade represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 over the last 90 days. 31.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of URBN. Fuller & Thaler Asset Management Inc. grew 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 purchasing an additional 1,094,134 shares in the last quarter. Proficio Capital Partners LLC boosted its stake 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 acquiring 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 about $43,769,000. Wedge Capital Management L L P NC bought a new stake in shares of Urban Outfitters during the 1st quarter worth about $40,544,000. Finally, Norges Bank bought a new stake in shares of Urban Outfitters during the 4th quarter worth about $31,605,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

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.